March 2020 Issue

Vol. 39 No. 10 March, 2020

Message by Chairman...... 05 Director General's Desk...... 07

SCOPE News SCOPE Precautionary Measures to deal with COVID-19 Menace...... 08 Interface with Stakeholders...... 09 Minister of State (I/c) for Labour & Employment Inaugurates...... 10 SCOPE Program on Management of Contract Labour SCOPE Celebrates International Women’s Day...... 11 SCOPE Symposium on Implementation of RTI Act...... 12 SCOPE Health Talk on Respiratory Diseases...... 13 SCOPE's Initiative: Meeting of Chief of Communications of PSEs...... 13 SCOPE in Media...... 14

Articles PSUs Pursuing Global Goals:...... 16 by Anu Chaudhary Artificial Intelligence - Still a Man Behind Machine...... 18 by Prof. (Dr.) Dewakar Goel Insolvency and Bankruptcy Code – Best Bet to Debt!...... 24 by Nandita Chatterjee Ray Sustainable Development Goals in Industry 4.0 Era...... 26 Action Plan of Nineteen Countries by Dr. Rajen Mehrotra Corporate Social Responsibility: 360º Completed...... 32 by B. B. Goel Domestic Arbitral Institutions...... 37 by Rohan Sharma

PSE News NLC India Ltd. observes International Women’s Day 2020...... 45 PSEs CSR Activities...... 47

rd Contents SAIL Records Jump in Sales & Saleable Steel Production in 3 Quarter...... 51 Vol. 39 No. 10 March, 2020 Total Pages: A. S.Khan PUBLISHER Nisha Sharma EDITOR General Director CHIEF EDITOR P. K.Sinha,Addl. GM(HR&CC) GM(Technical) M. L.Maurya, GroupGM(Corp.S. A.Khan, Affairs) Atul General, SCOPE Sobti,Director ADVISORY BOARD Contents Participation by REILin48 Personalia...... National Productivity DayNCL observes ...... ITDC postsRs. 10.23Cr profit in3 Power at theNTPCO&M-IPS2020...... Minister NRL Centre ofExcellence for SustainableMaterialsat IIT, Guwahati...... REC’s Unsecured Senior Note rated ‘Baa3’ and by‘BBB-‘ Moody’s &Fitch ... ITDC hostsC NHPC Achieves Ever Highest Generation of24209MUs since.... itsInception GRSE Delivers the4 RINL Celebrates 38 NBCC RPLProgramme Implements atProject IIT-Delhi Site. Crusher andConveyor System at NALCO lays ofCoalUnion Minister andMines foundation stone of...... Awards &Accolades to PSEs...... Yard 3020(Kavaratti) unveils Statue Gandhi Mahatma NRL Commences SupplyofBS Process of3rd Convertor at SMS3 ofSteelUnion Minister visitsBhilaiSteel Plant, Begins Heating...... MoU PSEs Ink ofCrècheInauguration at AAI...... facility Defence Inaugurates HAL’s Minister LCH Production Hangar. vo s Conference...... Tel: 011-43700100 Designed by Akar Advertising &Marketing (P)Ltd. Phase-II, NewDelhi-110028 at RaveScan(P)Limited, A-27, NarainaIndustrial Area, E-mail: [email protected] New Delhi-110003 • Tel.: 24361495,Fax:24361371 Enterprises, Core8,1 A. S.KhanonbehalfofStandingConferencePublic Published andprintedatNewDelhiby Management. -Editor articles arethatoftheauthorsandnotnecessarilySCOPE in theacceptedstyle. The viewsexpressedinvarious with priorpermissionoftheEditorandacknowledgment Material publishedinKALEIDOSCOPEmaybereproduced “Standing ConferenceofPublicEnterprises”) (Payment maybesentbyDD/Chequedrawninfavourof Price percopy:Rs.50/- Annual Subscription:Rs.500/- th th Foundation CMD, Day; RINL...... Anti -Submarine Warfare Corvette,...... th Dairy Industry Conference Industry ...... Dairy vI grade ofAutomotive fuel rd Quarter of2019-20...... Quarter st Floor, SCOPEComplex,7LodhiRoad,

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Message by CHAIRMAN

made a significant contribution to the central exchequer by providing Rs. 3.68 lakh crore in various forms like dividend, interest, corporate taxes and GST, showing an increase of 4.67% over the previous year. For PSEs competitiveness has acquired a new meaning in today’s time. To enhance the global stature and footprint of PSEs, SCOPE has con- ceptualised Strategic Transformational Leader- ship Programme for CMDs/CEOs/Directors and Top management of PSEs. The programme would deliberate how top management of PSEs can play a proactive role in strategic transformation of leading PSEs towards becoming national and global champions. In addition, he world at present is undergoing a de- SCOPE has been conducting programs on piv- fining change. Shuddering under the co- otal issues such as Contract Labour to deliber- lossal effect of COVID-19 public health T ate on the same. PSEs have always believed in emergency, the Corona virus has brought to creating an ethical workspace and SCOPE, as fore the everlasting impact of human activities their apex organisation will continue to con- on the environment. In line with the nation’s duct programmes on issues like Implications efforts of curbing the spread of this deadly dis- of RTI Act to create a better understanding of ease, Public Sector Enterprises (PSEs) are tak- the same. ing all the necessary steps in helping the economy overcome this challenging time. SCOPE has an unremitting commitment towards enhancing the competencies and it will Over the years, PSEs have made inimitable continue to conduct seminars, workshops and contribution to the nation’s economic growth interactive programs to achieve the sustain- and have left no stone unturned in achiev- able growth and excellence in PSEs. SCOPE is ing milestones for country’s overall growth. bringing out a concise Programme Calendar The recently presented, 59th edition of Public 2020-21 for meticulous planning of future Enterprises Survey (2018-19) reaffirms the programmes. fact that Indian PSEs will continue to have a unique place among the state owned enterprises of the world. The survey presents that the overall net profit of PSEs has grown by 15.52% from Rs.1.24 lakh crore in 2017-18 to Rakesh Kumar Rs.1.43 Lakh crore in 2018-19. PSEs have also Chairman, SCOPE

Kaleidoscope March, 2020 5 6 KaleidOscope March, 2020 Director General’s Desk

ith the global economy year recording a growth of 18.03%. Labour & Employment. Right in a volatile phase, or- The overall net profit of 249 oper- to information is seen as an in- Wganisations around the ating CPSEs also grew by 15.52% strument of good governance in globe are gearing up to face the eco- from Rs.1.24 lakh crore in 2017-18 organisations and to deliberate nomic slowdown and fight against to Rs.1.43 lakh crore in 2018-19. I on its implications and effective the outbreak of a worldwide pan- am sure PSEs would continue to implementations, SCOPE held a demic. India, understanding the strive to achieve new heights of Symposium on Implementation of impact of the global trepidation excellence. Right to Information (RTI) Act to is working towards fortifying its SCOPE on its part has taken initia- instil RTI as an instrument of Good domestic market and contain the tives to tackle the spread of Novel Governance in PSEs. spread of this virus. Public Sector Corona Virus (COVID 19) and to The creation of effective and world Enterprises (PSEs) that play a stra- ensure the safety and well being of class management in PSEs has tegic role in providing essential its employees. Also, two programs been of top priority to SCOPE. In goods and services to critical sec- envisaged by SCOPE on Corporate keeping with the country acceler- tors in the country are also taking Governance and Influence of ating its journey towards a trans- preventive measures for the overall Social Media on Media Relation formed India@75,we are conduct- well being of their employees. Not Management to be conducted in a ing a Strategic transformational to forget during the global econom- few days have been postponed due Leadership Program for CMDs/ ic meltdown of 2008, PSEs ensured to this ongoing health crisis and CEOs/Directors to address the that the country remained steady in view of Govt. advisory against developmental need of top man- on the path of growth and are con- large public gathering. agement and accentuate industry tinuing to do the same in the pres- academia collaboration. SCOPE Understanding the significance of ent scenario. has been conducting programs on Contract labour in Public Sector, Advanced Global leadership and Indian PSEs have attained an inimi- SCOPE also organised program Corporate Governance for similar table spot among the state owned on ‘Management of Contract capacity building. enterprises of the world. The re- Labour, Compliance of Labour cent Public Sector Survey reports Laws with special reference to Based on the overwhelming re- that the gross turnover/ revenue Code of Wages 2019’ which was in- sponse received by SCOPE during its programs, SCOPE of operating PSEs has increased to augurated by Shri Santosh Kumar Program Calendar 2020-21 is Rs. 25.43 lakh crore in 2018-19 from Gangwar, Hon’ble Minister of being prepared in consulta- Rs.21.55 lakh crore in previous State (Independent Charge) for tion with various stakeholders. Programs & Initiatives launched (since last issue of KALEIDOSCOPE) We invite the inputs and suggestions of our member enterprises for • Symposium on Implementation of RTI Act 2005 & 2012 finalising the same and organise • Health Talk on Respiratory Diseases Awareness well rounded capacity building • Interactive Seminar on ‘Management of Contract Labour, Compliance of programs for PSEs. Labour Laws with special reference to Code of Wages 2019’ Program Initiatives in Offing • Program on Corporate Governance – 19th -20th March (postponed) • Influence of Social Media on Media Relations Management - 24th March Atul Sobti (postponed) Director General, SCOPE

Kaleidoscope March, 2020 7 SCOPE Precautionary Measures to deal with COVID-19 Menace

In the wake of the current Novel Corona virus (COVID - 19) and to contain its spread, in line with the advisories issued by the Government of India as well as other agencies, SCOPE has taken a no. of precautionary measures for employees of SCOPE. The high- lights of the crucial decisions and subsequent measures taken by SCOPE to support the endeavour of the Government and the general public are as follows:

I. Measures taken to im- travel shall take place. working at the main entry point prove Hygiene & Social • To avoid gathering, Gym shall of SCOPE office. For remaining Distance remain closed till further notice. Gates, it is being explored in consultation with Constituent • Employees have been advised A. For SCOPE Offices Members. and sensitized on preventions • Cleaning and sanitization of of- and getting quarantined and • Mandatory placing of hand fices of SCOPE shall take place taking proper treatment in case sanitizers at the reception area at regular intervals particu- of flu-like symptoms and to in- and all work stations has al- larly of the frequently touched form their Reporting Officer and ready been executed and a surfaces. It has been ensured immediately proceed on leave. close liaison is maintained to by placing dispensers in wash get installed in all the Buildings • Delivery and receipt of daks rooms, receptions and all work of Constituent Members of locations. are being facilitated at the entry point / reception area itself. SCOPE in close conjunction • Check list of areas of cleaning with them. Emergency meet- and availability of Sanitizers • All HoDs have been advised to ing with Constituent Members etc have been placed in every sanction leave whenever any is taking place to take this Wash Rooms and will be strict- request is made for self- quar- forward. ly followed. antine as a precautionary measure and to take suitable advice - In consultation with the • Tissue box placed on work from HR. Constituent Members, open- locations. ing of the gates shall be • Entry of the visitors has been • An indicative list of Do's and restricted. Don'ts have been widely cir- restricted to the minimum busi- - Frequent cleaning and sani- ness requirement level. culated amongst employees with Circular, Posters and tization are carried out in • Convention Centre to remain mails for proper awareness and common areas including inaccessible and will be open as safeguards. passages, staircases, railings, and when required. However, handles, toilets, lift lobbies, future bookings can be made. B. For SCOPE Complex and lifts of both SCOPE Complex • In case of official exigencies, SCOPE Minar and Minar. video conferencing has been • Thermal Scanning shall be in- - Respective agencies were encouraged minimizing meet- troduced at the entry gate of asked to provide masks to se- ings and some of meetings/ pro- office complex in consultation curity staff and other contract grams have been rescheduled. with the constituents, subject to labours and Guards on duty • Unless essential in business availability of the Scanner. have already started using exigencies, all employees have • At both Complexes Thermal the same. been advised that no official Scanner has already started - Periodic announcement of the

8 KaleidOscope March, 2020 SCOPE News

measures taken by SCOPE Do's shall be done by utilising • To maintain personal hygiene and physical distancing. Public Address System for better awareness. • To practice frequent hand washing. Wash hands with soap and water or use alcohol-based hand rub. Wash hands even if they are visibly clean. - Ambulance is available at • To cover your nose and mouth with handkerchief/tissue while sneezing and both SCOPE Complex & coughing. Minar and in case of any • To throw used tissues into closed bins immediately after use. emergency or exigencies • To maintain a safe distance from persons during interaction, especially with Constituent Members are en- those having flu-like symptoms, couraged to avail this service. • To sneeze in the inner side of your elbow and not to cough into the palms of The above decisions & measures your hands. shall be reviewed in consultation • To take their temperature regularly and check for respiratory symptoms. with Constituents Members. • To see a doctor if you feel unwell (fever, difficulty in breathing and coughing). while visiting doctor, wear a mask/cloth to cover your mouth and nose. II. Introduction of Work From • For any fever /flu-like signs/symptoms, please call State helpline number. Home concept or the 24x7 helpline number of the Ministry of Health & Family welfare at 011- 23978046. • A policy on work from home is also being introduced for employees of SCOPE. The im- Don'ts mediate initiative is in the wake • Shake hands. • Travel unnecessarily, particularly to of COVID - 19 and to possibly • Have a close contact with anyone, if any affected region. create room for social distanc- you're experiencing cough and fever. • Participate in large gatherings, ing on need basis. • Touch your eyes, nose and mouth. including sitting in groups at canteens. • Sneeze or cough into palms of your • We are sure, these initiatives hands. • Visit gyms, clubs and crowded places will help to prepare well and etc. • Spit in Public. face the challenges and threat • Spread rumours or panic. posed by the growing pandemic of COVID 19 together.

Interface with Stakeholders

Mr. Atul Sobti, DG, SCOPE’s views on the critical issue of Management of Contract Labour in PSEs was telecast on DD News.

Kaleidoscope March, 2020 9 SCOPE News Minister of State (I/c) for Labour & Employment Inaugurates SCOPE Program on Management of Contract Labour

Mr. Santosh Kumar Gangwar, Hon’ble Minister of State (I/c) for Labour & Employment with Mr. Heeralal Samariya, Secretary (Labour & Employment), Mr. Atul Sobti, Director General, SCOPE, Mr. Ravi Peiris, Senior Specialist, ILO and Mr. Inderjit Singh, former Chief Labour Commissioner at the inaugural session.

COPE organized Pr-ogra- addressed the participants dur- has directed speedy action in the mme on ‘Management of ing the inaugural session. matter of labour reforms. He said SContract Labour, Compli- Hon’ble Minister in his inaugural many important changes have ance of Labour Laws with Special address said workers should not already been made like women Reference to the Code on Wages, be treated as a commodity and workers being allowed to work at rd th 2019’ on 3 - 4 February, 2020 at they should get all the benefits night and in underground mines. SCOPE Convention Centre, New of the Labour Laws. He men- Mr. Samariya emphasized Delhi. It was organised to update tioned that the Prime Minister that Social Security was very the knowledge and upgrade skills of employees of Public Sector Enterprise (PSEs) in the area of labour - management relations and compliance with Labour Laws. The programme commenced with lighting of lamp by Chief Guest Mr. Santosh Kumar Gangwar, Hon’ble Minister of State (Independent Charge) for Labour & Employment. Mr. Heeralal Samariya, Secretary (L&E), Mr. Atul Sobti, Director General, SCOPE, Mr. Ravi Peiris, Senior Specialist, ILO and Mr. Inderjit Singh, Former Chief Mr. Heeralal Samariya, Secretary (L&E) addressing the participants during SCOPE Labour Commissioner also Programme on Contract Labour.

10 KaleidOscope March, 2020 SCOPE News important and work relating to simplification and rationalizing of the Labour Laws was at an advanced stage. The remaining three Codes would also be introduced in the Parliament soon he said. Mr. Peiris said that the world of work was facing many challenges and one of the controversial areas was contract labour. He also mentioned about the audit tool of ILO (L to R) Mr. Atul Sobti, DG, SCOPE and Mr. Ravi Peiris, Senior Specialist, ILO for contract labour. addressing the inaugural session. DG, SCOPE in his address spoke of jobs and alleviation of poverty Labour Commissioner (Central), about various reforms, policy ini- in the country. Mr. Michael Dias, Advocate, tiatives taken by the government Mr. Inderjit Singh, while explain- Mr. Alok Bhasin, Advocate, Mr. that has led to India’s improved A. N. Verma, Executive Director Ease of Doing Business ranking ing the Programme Perspective stated that the basic objective of (HR), NTPC, Mr. S. K. Wadhwani, to 63 from 114 for the year 2014. CGM (HR), Mr. Rajan Verma, the Seminar was to deal with is- He said that the ongoing labour Chief Labour Commissioner sues relating to Contract Labour reforms will further improve this (Central). Mr. S. K. Gupta, and explain the provisions of The ranking. Mr. Sobti said that PSEs Advocate, Mr. Pankaj Raman, Code on Wages, 2019, their impli- were employing about 6% more Additional Central Provident cations and ways and means of contract labour and ensuring all Fund Commissioner, Dr. M. K. complying with the same. the statutory benefits to them. He Pandey, Advocate, Supreme further emphasized that contract The two day program saw pre- Court and Mr. K. K. Rai, Senior labour, out-sourcing, turn-key, sentations and deliberations by a Advocate. The programme was etc. are indispensable for the sur- vast group of dignitaries includ- attended by 74 senior officials vival of the economy, generation ing Dr. Onkar Sharma, Dy. Chief from 32 PSEs. SCOPE Celebrates International Women’s Day cope celebrated the International Women's S Day. On this occasion, Mr. Atul Sobti , DG, SCOPE appreciated women employees in SCOPE and Public Sector Enterprises and encouraged them to aspire for challenging tasks and make sincere efforts to make SCOPE inspiring innovative and impactful.

Mr. Atul Sobti, DG, SCOPE with women employees of SCOPE during the celebration.

Kaleidoscope March, 2020 11 SCOPE News SCOPE Symposium on Implementation of RTI Act

shared other important provisions of the Act and his experiences while disposing of the sec- ond appeal. He also shared some cases and reasoning for imposing of the penalties. Mr. Mohanty in his address said the RTI is an important instrument for brining transpancy and ethical value system in PSEs. Mr. Khorwal briefly shared vari- Mr. Neeraj Kumar Gupta, Information Commissioner, CIC delivering inaugural ous initiatives taken by SCOPE address at the SCOPE RTI Symposium. such as organizing awareness program on RTI, developing RTI manual and providing expertise COPE organized 13th Sym- During his Inaugural address Mr. guidance to the member CPSEs posium on Implement- Gupta mentioned that RTI Act is in the area of RTI Act 2005. Sation of RTI Act 2005 & not difficult to understand. Mr. Rajpal made the concluding 2012, 'Challenges of CPSEs for He stressed that all CPSEs / public remarks and proposed Vote of Commercial Information & authorities must pro actively and th Thanks. Transparency Audit' on 26 & suo-moto disclose most of the in- th 27 February, 2020 at SCOPE formation. He emphasized that Among the eminent faculty and Convention Centre, New Delhi. if Section 8, 9 & 11 are properly speakers who addressed vari- The objective of the symposium understood and applied, most of ous sessions included: Mr. A. K. was to enable AA/PIOs/CPIOs the problems in providing infor- Tiwari, former Chief Information and Associated Officers of CPSEs mation shall be solved. As these Commissioner, CIC, Prof. M. to gain better appreciation of three sections are the exemption M. Ansari, former Information the RTI Act and the issues in- and third party information even Commissioner, CIC, Mr. M. L. volved for its effective and true if available, can be legally denied Sharma, former Information implementation in their respec- as exempted, to be disclosed if Commissioner, CIC, Dr. S. B. tive organizations as well as to there is no larger public inter- Mitra, ED (Law & HR), GAIL share latest developments in RTI. est exists in disclosures. He also (India) Limited, Mr. H. S. Rajpal, Main focus was on disclosures GM (Corp. Affairs), Indian Oil of the Commercial Information, Corpn. Ltd, Dr. Ashok Sharma, Challenges in Transparency Au- former GGM, MMTC Limited, dit and Contradict Decisions. Mr. Ashish Srivastava, DGM, The symposium was inaugurat- CS, RITES, Mr. H. C. Lohumi, ed by Mr. Neeraj Kumar Gupta, CPIO & Mr. Kompal Bali, GAIL, Information Commissioner, Cen- Ms. Arpita Mehta, CPIO, BHEL, tral Information Commission. Consultant on RTI Act, SCOPE Mr. S. P. Mohanty, CMD, HIL and Mr. Dhananjay Rai, Chief and Member of SCOPE Executive Manager, IOCL. Board, Mr. O. P. Khorwal, 58 participants representing 28 Program Facilitator and Mr. H. S. Mr. S. P. Mohanty, CMD, HIL and Public Sector Enterprises from Rajpal, Head, (Legal), IOCL also Member, SCOPE Executive Board different regions attended the addressed the inaugural session. addressing the RTI programme. program.

12 KaleidOKaleidOscope March, 2020 SCOPE News SCOPE Health Talk on Respiratory Diseases

Health & Wellness Talk on Respiratory Diseases Awareness on 25th February 2020 at SCOPE the symptoms or health issue of Minar, Laxmi Nagar, New Asthma attacks could cause seri- ous health or life threat. Delhi. Dr. Rahul K. Sharma, Director & Head Department of Mr. P. K. Sinha of SCOPE in his Pulmonary & Critical Care, Garg address stressed on the need of Hospital, New Delhi addressed healthy workplace. He empha- the participants. Dr. Sharma ap- sized on keeping workplaces prised the participants on com- healthy to enhance productivity Dr. Rahul K. Sharma, Director & Head, mon symptoms of Asthma like, of employees. The Team of PPHF Department of Pulmonary & Critical took the audience through some Care, Garg Hospital addressing the frequent cough, shortness of activities and highlighted the im- SCOPE Health Talk. breath, chest tightness, chest pain, wheezing, fatigue and sea- pact these Non Communicable COPE in association with sonal variable and the miscon- Diseases (NCD) have been Dr. Reddy’s Foundation for ceptions related to the disease. having on human life, which Health Education organised He also cautioned that ignoring is quite alarming. Large number S of participants from various PSEs participated in the event.

SCOPE's Initiative: Meeting of Chief of Communications of PSEs

t the initiative of SCOPE BHEL, Mr. Rohit Singh, SDGM a meeting of senior (CC), BHEL and other Corporate ACorporate Communica- Communication professionals. tion officers of public sector en- Ms. Sumita Dutta of SAIL em- terprises was organised at SAIL phasized on learning from each HQ in New Delhi to deliberate on various issues and challenges other in the field of corporate faced by them. communication through experience sharing and stressed on the The meeting was attended by need to share the best practices Mr. P.K. Sinha, Head (HR&CC), in communication in all PSEs SCOPE, Ms. Sumita Dutta, for which such meetings are years to promote this profes- ED (CAD), SAIL, Mr. Manas being organized at the initiative sion. He urged the participants Kaviraj, ED(HRM&CC), NBCC, of SCOPE. to utilize Kaleidoscope magazine Mr. Rajeev Goel, CGM (PR&CC), extensively for brand promo- HPCL, Mr. Harish K. Awal, GGM Mr. P.K. Sinha of SCOPE high- tion of PSU fraternity. The meet- (CC), ONGC, Mr. Anil Ahluwalia, lighted initiatives taken by ing also deliberated on various GM (PR& Brand), BPCL, Mr. SCOPE such as Corporate programmes to be conducted Atanu Dutta, AGM, RINL, Mr. Communication Summits of by SCOPE for the Corporate M. Mukandan, AGM (CC), PSUs during the last couple of Communication fraternity.

Kaleidoscope March, 2020 13 SCOPE in Media

14 KaleidOKaleidOscope March, 2020 Kaleidoscope March, 2020 15 ARTICLE PSUs Pursuing Global Goals

Anu Chaudhary Founder & CEO SustainPlus

he 17 Sustainable Develop- ment Goals (SDGs) set forth Tin 2015 have created a mass momentum for sustainable development across the global economy. More than 195 representatives of nation states have decided to put their trust in an exhaus- tive framework for sustainable development. By 2030, this framework aims to end poverty, fight inequality and stop climate change. India admits to major developmental concerns in its Inte- nded Nationally Determined India’s 249 operating PSEs. PSUs be competitive, SDGs offer a com- Contribution (INDC). These are collectively responsible for mon directive for stability and are mainly related to infra- majority of infrastructure deliv- direction. structure deficit in the midst of ery and maintenance of ecosys- The Government of India is cur- rapid urbanization and indus- tem. These centrally or state-run rently focused towards tracking trialization. In the wake of these institutions have been working and evaluating the impact of its concerns, equitable access to closely with government’s um- present initiatives and scaling up public services, competitive mar- brella action plans like National successful interventions with re- kets and decent work for the Action Plan on Climate Change gards to the SDGs. Consequently population is bound to become (NAPCC) (and the 8 subsequent GAIL, took the initiative in its stressed (considering business as missions thereof). Sustainability Report (FY 2017- usual scenario). 18) by mapping its key initiatives Importance of with SDGs relevant to business To curb these concerns, major Sustainability Disclosures drivers that are sought out by approach. By reporting on rel- think tanks and policy makers Considering the diverse opera- evant SDG indicators, GAIL took alike include corporate citizen- tions of these public entities, it another step towards becoming ship, skill development and ac- might be overwhelming to think more responsible and transpar- cess to finance. However, all that there can be a one plug and ent in its operations. Adhering to these drivers are underpinned play philosophy of sustainability SDG Reporting Framework also by a common theme of effec- that fits all. At a time where busi- eliminates the year end recon- tive stakeholder communication. ness units everywhere struggle to ciliation effort an organization’s

16 KaleidOscope March, 2020 ARTICLE management might need to spend for reporting of all its initiatives. Similarly, a Navratna company like REC Limited that promotes rural electrification projects across India (among its other business functions) can choose a relevant indicator to demonstrate its work for Affordable and Clean Energy (SDG 7’s, Target 7.1 “ensure universal access to affordable, reliable and modern energy services”). Besides building on the national agenda of sustainability, SDGs also offer an opportunity to gov- organizations can also explore ernment entities for pioneering In the Indian context much innovative ways to measure impact centric strategies to attain like everywhere else, impacts. business goals. Thus, PSUs have Government undertakings Organizations can also explore the capability of leading by exam- some non-traditional sources e.g. are often first to register ple once they leverage their scale satellite/drone imagery, spatial and network. the impact of amendments data infrastructure (land cover in regulations and policy. and land use), citizen generated data (social media/citizen sci- Measuring Impact and Having an operating and establishing a ence), official sensor networks reporting framework that and commercial data depending monitoring plan conforms to SDGs not on their specific use cases. Once organizations identify their unique position for delivering on only prepares PSUs for the SDGs, quantification of tan- upcoming reforms, but Way forward gible and intangible impacts on In the Indian context much like also serves as a platform to sustainable development comes everywhere else, Government un- as the logical next step. Now, or- showcase innovation and dertakings are often first to regis- ganizations can choose relevant resilience. ter the impact of amendments in indicators to facilitate internal regulations and policy. Having an and external disclosures. operating and reporting frame- evaluation of the monitoring It is tempting to think that work that conforms to SDGs not methodology will ensure that having more and better infor- only prepares PSUs for upcoming business functions are capable to mation will improve policy reforms, but also serves as a plat- implement the monitoring plan. choices, but this is not automat- form to showcase innovation and ic. Moreover, demanding more resilience. At a time when Public information may lead to a dete- Non-traditional data Sector Undertakings tackle fi- riorating supply of information if sources nancial instability, working for demand outstrips supply. Besides relying on traditional SDGs should not be treated as an Thus, there needs to be estab- sources of data for SDGs like overhead. Rather, management lished institutional capacity for National Statistical Offices (for at these institutions should in- developing a monitoring plan census/ surveys), internation- ternalize the framework to iden- which gives opportunity for real al organizations (world bank/ tify functions which are under- measurements of achieved SDG WTO etc.) and respective minis- utilized and use them to develop targets. At the same time, timely tries (environment, agriculture), new capabilities.

Kaleidoscope March, 2020 17 ARTICLE Artificial Intelligence - Still a Man Behind Machine Prof. (Dr.) Dewakar Goel*

hakespeare said, “What’s in and work while solving the prob- 1975: Frames: a knowledge repre- thy name?”’ But, I feel there lem. Then, using the outcome as sentation scheme, developed by Sis a lot in the name. When we the basis of developing intelligent Marvin Minsky talk about Artificial Intelligence software systems. SHRDLU by Terry Winograd- un- (AI), we must know as to what derstanding natural language in it signifies. It aims at intelligence AI’s beginning was slow block world which says the capacity and abil- but steady DENDRAL-inferring molecular ity to think, learn, reason and ap- It is important to be aware of the structure from the informa- ply knowledge. Intelligence test historical perspective of every tion provided by a mass spec- assesses a person’s mental and concept. Therefore, we need to trometer. Developed by Edward developmental ability whereas know the timeline of AI. It goes Feigenbaum. the word artificial gives a mean- as follows: MYCIN- a rule-based system for ing for a particular thing which is knowledge representation and invented or produced by people 1943: Warren McCulloch and inference in the domain of medi- and is not natural. Basically, it is Walter Pitts: a model of connected cal diagnosis and therapy. imitation of natural like we have artificial neurons 1980: R1-first commercial ES- artificial flowers. 1956: Dartmouth workshop Alan McDermott, configures orders for My idea of giving the diction- Turing, John McCarthy, Marvin new computer systems. ary meaning of these words is Minsky, Allen Newell 1981: Fifth generation project in to emphasize that artificial intel- 1958: LISP by McCarthy Japan. Mid 80s Neural networks ligence is not natural but a cre- 1965: ELIZA: Weizenbaum, a pro- 1990: Major advances in machine ation of mankind. John McCarthy gram that acts as a psychothera- learning, natural language pro- is known as father of Artificial pist, Work on machine language, cessing, multi-agent systems, Intelligence and according to unsuccessful him, AI is the science and engi- robotics. 1966: Funding for AI stopped. neering of making intelligent ma- 2000 Robotics: Humanoid robots, Difficulties: Lack of knowledge chines especially intelligent com- Rodney Brook, Robo cup soccer, about world. The scale prob- puter programmes. AI is a way of humanoid sociable robots, inter- lem: easy to solve toy problem, making a computer, a computer active robot pets very difficult to solve real world -controlled robot or a software problems. think intelligently in the similar After 2000, there has been tre- manner as to how intelligent hu- 1969-1979: Knowledge - based mendous progress in the field mans think. AI is accomplished systems of AI and today we talk about by studying as to how human 1972: Prolog, created by Alain remote air traffic control, heart brain thinks, how it learns, decide Colmerauer operations by robots, driverless

* Former ED, AAI & Director, Indian Aviation Academy Chairman, Aero Academy of Aviation Science & Management (AAASM).

18 KaleidOscope March, 2020 ARTICLE cars and metros, and things are demonstrate, explain and advise and retrieve information from moving rapidly finding solutions its users. It also aims to imple- memory, solve problems, use nat- to problem areas where human ment human intelligence in ma- ural language fluently, classify, brain is unable to calculate. chines by creating systems that generalise, adapt new situations Now, the question comes as to can understand, think, learn and and comprehend complex ideas. how the human intelligence is behave like humans. The above intelligence can be different from machine intelli- Now-a-days, everybody talks linguistic, logical, mathematical, gence. Where humans perceives- about AI with certain amount of spatial, bodily kinesthetic, inter- personal. Finally, we can say that by patterns machines perceive fear in the mind as to whether it a machine or system is artificially by set of rules and instructions. will replace the human resource. intelligent when it is equipped Human store and recall informa- It came from technology and the with at least one and at the most tion by patterns, machine do it advancement has come in the all above intelligence. It is depen- by searching algorithms. For in- mainstream system. Microsoft, dent on human intelligence who stance, the number 80808080 is Google, Amazon have made it created it. We must agree that a easy to remember, store and re- more accessible. There are opti- super intelligent artificial intelli- call as pattern is simple. Humans mistic and pessimistic views with gence cannot exhibit human emo- can figure out the complete object regard to future of AI and its im- tions like love or hate and there is even if some part of it is missing pact on mankind. AI is a branch no reason to expect feelings from or distorted but machines can- of computer science which is con- AI. A robot can think, innovate not do it correctly. The domain of cerned with the automation of in- and act with certain limitations. AI is huge in breadth and width telligent behaviour. It is a science whereas human intelligence has It will choose the best alternative of making machines to do things got its limits depending upon in- but its search will be limited to that would require intelligence if the alternatives available in the dividual capacities. done by men. In simple terms, we memory. AI might become a risk can understand AI in the form of if it is programmed to do some- Computerization - study of computations that make thing devastating. Autonomous The beginning of AI it possible to perceive, reason, weapons with AI systems can AI is an intelligence exhibited and act. be programmed for killing and by machines. Any device that if it is in the hands of wrong do- perceives its environment and AI is extension of human ers, these AI weapons can cause takes action which maximises intelligence mass casualties. The AI arms race its chances of success at some could inadvertently lead to AI goal are smart devices. Artificial The academicians and research- war resulting in mass casualties. Intelligence is a science and tech- ers have been working on AI since We need to design weapons with nology based on disciplines such last many decades and today the a button turn off. The AI is pro- as computer science, psychology, strongest form of AI has come by grammed to do beneficial things mathematics, biology, linguistics creation of a robot which is au- but it may adopt a destructive and engineering. AI emphasizes tonomous, thinks for itself, makes method to achieve a goal and the development of computer its own decisions, can deliberate this can happen if we fail to fully functions associated with human about its own thoughts, can learn align our goal with AI. You may intelligence such as reasoning, and adapt to new situations and have an obedient AI car to your learning and problem-solving. it can communicate with humans through the use of language. destination as fast as possible. It The basic philosophy of AI is may get you but you may face Let us see how we define intelli- based on power of the computer vomiting. It’s not what you really gence in the context of AI because system and it all began with cu- wanted. riosity of humans which led there is no human factor involved to wonder as to whether a ma- to have the feeling. The intelli- chine can think and behave like gence in terms of AI is the ability Tech Radar Report – a human. The goals of AI are: to of a system to calculate, reason, milestone create expert systems which ex- perceive relationships and analo- Let us know about technologies hibit intelligent behaviour, learn, gies, learn from experience, store and tools for artificial intelligence

Kaleidoscope March, 2020 19 ARTICLE to be used by application devel- It assists in performing automat- A Narrative Science survey found opment professionals. Noted re- ed decision-making. last year that 38% of enterprises searcher Forrester has published are already using AI, growing at The deep learning platforms is a tech radar report with a detailed 62% by 2018. Forrester Research special type of machine learning analysis of technologies which predicted a greater than 300% in- which consists artificial neural may be considered to support hu- crease in investment in artificial networks with multiple abstrac- man decision-making. intelligence in 2017 compared tion layers. It is being used in with 2016. It is estimated that AI First and foremost the Natural lan- pattern recognition and classifi- market will grow from 8 billion guage generation, in order to pro- cation, applications with a sup- dollars in 2016 to more than 47 duce text from a computer data port of very large data sets by billion dollars in 2020. which is being used in customer Saffron Technology, Sentinent service, report generation and Technologies, fluid AI and math digital reasoning purposes. The works. Biometrics is another im- AI leads to accuracy and Speech recognition, transcribed portant AI tool which enables perfection and transformed human speech natural interaction between hu- We must appreciate that when into format useful for computer mans and machines such as im- programming is done without AI, application. We are using it in in- age and touch recognition, speech it can answer specific questions teractive voice response system and body language. It is being it is meant to solve and modifi- and mobile application. The vir- used for the purposes of market cation in the programme, may tual agents named as the current research by face first, sensory, af- lead to change in its structure. darling of the media by Forrester. fective and tahzoo. Moreover, modification is not It was a relationship from simple quick and easy and it may also chat-bots to advanced systems Forrester also talked about affect the programme adversely that can network with humans. Robotic Process Automation whereas if the programming is It is used in customer service which uses scripts and other done with AI, it can answer the and support as smart home man- methods to automate human ac- generic question it is meant to ager by Amazon, Apple, Google, tion for supporting business pro- solve and programme can ab- Microsoft, and IBM, etc. The cesses. It is being used when it sorb new modification by putting Machine learning platforms pro- is too expensive and inefficient highly independent pieces of in- vide algorithms, training toolkits, for humans to execute a task or formation together and the pro- computing power to design. IT a process. Blue prism, automa- gramme can be modified without is used in wide range of application anywhere, UI path and work affecting its structure which is tions like predictions and clas- fusion are sample vendors. Text quite quick and easy. sifications by Skytree, Microsoft, analytics and natural language We analyse as to why AI? It Amazon, Google. processing uses and supports text is not a replacement of human Forrester also talked about AI analytics by facilitating the un- resource. In real world, knowl- optimized hardware as graphics derstanding of sentence structure edge has come with some un- processing units and appliances and meaning, sentiment, intent welcomed properties because its specifically designed to efficient- through statistical and machine volume is huge next to unimagi- ly run AI oriented computational learning methods. This AI tool is nable. It is not well-organised jobs. Google, Amazon, Intel use important in fraud detection and or well-formatted. Knowledge them in making a difference for security. The basis technology, is scattered. Moreover, it keeps deep learning applications. The expert system, Indico, Knime, on changing constantly. AI is a decision management is another Mind Breeze are some of the sam- creation of human in order to field in the form of engines, that ple vendors. Handwriting recog- organise and use the knowledge insert roots and logic into AI sys- nition software is important tool efficiently so that it should be tems to be used for initial setup, of AI which reads the text writ- perceivable by the people who training and on-going mainte- ten on paper via pen or on screen provide it and the process of nance, tuning. It is a matured by a stylus. It can recognise the modification for correcting errors technology which is used in wide shapes of the letters and convert should be easy. variety of enterprise application. it into editable text. The AI looks for using the

20 KaleidOscope March, 2020 ARTICLE information in many situations even though it may be incom- It is an unfounded myth that Artificial Intelligence plete. The AI techniques elevate is an impediment in the way of human resource speed of execution of the complex programme. We should not development. Rather, it is a great tool in the hands of miss the role of intelligent robots human resource to enhance the overall efficiency and who are able to perform the tasks given by humans. Their sensors productivity of the organisation. Human Resources to detect physical data from the need to feel proud that they are the creator of Artificial real world such as light, heat, temperatures, movement, sound, Intelligence. The computer programme and for that bump, and pressure. They have matter, even a robot can think and innovate only to efficient processors, multiple sensors and huge memory, to exhibit the extent of memory he/she has got. It can generate intelligence. In addition, they are alternatives to a problem by the way of choosing capable of learning from their mistakes and they can adapt to the best available in its memory. Errors, mistakes, the new environment. omissions, inaccuracies and lapses only relates to human intelligence. These words are non-existent in There is always a man behind the machine Artificial Intelligence. We need to critically analyse human intelligence and artificial in- finders for sensors and various machines cannot replicate would telligence which will reveal that motors for effectors. A software still be of utmost importance such AI is extension to human intel- agent has encoded bit strings as creativity, empathy and emo- ligence. Human learn ordinary as its programmes and actions. tional intelligence. AI should not tasks since their birth by way of The performance measure of the be treated as a threat to human perception, speaking, language. agent is the criteria which deter- intelligence but it should be taken The formal tasks are learnt first mines its success. The behaviour as enabler for enhanced perfor- and then expert tasks. The ordi- of the agent is an action it per- mance with absolute perfection. nary tasks are easy to learn. The forms after any given sequence machine requires more knowl- of inputs at a given instance. The edge, complex knowledge rep- Multi-dimensional percept sequence is the history of resentation and algorithm for uses of AI all agents have perceived and fi- all purposes whether it is for or- It will be relevant to pen picture nally, the function of the agent is dinary tasks or expert tasks. It certain interesting episodes re- a map from the percept sequence does not require common sense. lating to AI like a robot perform- to an action. The system is based on agent ing human stunts at Disneyland. and its environment. The agent Today, we have AI devices as A video of the stuntronics robot is anything that can perceive its our personal assistants on our shows the machine launching into environment through sensors phones. It is driving cars, win- the air from a swing and perform- and acts upon that environment ning chess matches, chat-bots, in- ing several flicks before landing through effectors. teracting with customers online, in a net. This was the first step of Now, let us see how different robots assisting doctors in diag- stickman robot towards creating agents work. A human agent has nosing diseases and managing a human scale robot capable of sensory organs such as eyes, ears, our homes. There is so much new performing stunts. But the guests nose, tongue and skin and paral- coming out on daily basis. There at DisneyLand are not impressed lel to these sensors, other organs is no limit to the possibilities of about it as it looks like animation such as head, leg, mouth for ef- an AI driven features. Even in devoid of human touch. The risk fector. The robotic agent replac- surgeries, intelligent automation factor of the stunts performed by es cameras and infrared range tools are helpful. The areas which human gives excitement.

Kaleidoscope March, 2020 21 ARTICLE

Google emerges as acquisition. It has got more than leading user of AI 3,50,000 employees globally and AI became a dominant theme in The internet search giant Google HR technology being used by announced artificial intelli- IBM because it helps in taking gence and security as top priority among host of services it of- analytics and predictive insights fers. Google is going deep on AI directly to the right person at the and security areas as security is right moment as stated by Ms. the number one worry and AI Joanna Daly, Vice-President of is number one opportunity. The IBM Talent. cloud infrastructure of Google is She has given an example in tal- a collection of many football sta- ent acquisition. “Let us say the dium size data centres of Google potential candidate is interested which are running carbon neutral in learning more about roles with specialised processes like in IBM. They can interact with Titan. Google extolled deep dive Watson and have a conversation into AI and its benefits in health- using Natural language to ask care services with predictive in- about jobs and locations. They puts on risk of diseases. We have thousands of offices around the can upload resume and receive seen incredible spaces with AI world. The android was launched recommendations on roles they especially with healthcare. AI is with one phone and one carrier in match to with insight on how helping doctors to predict diseas- 2008. Today, we have eco-system strongly they match to the role es like heart-attack and strokes to of phone makers, mobile opera- and why, based on their skills.” the patients. Google is taking the tors and application developers lead by using AI in various fields leading to 24,000 different devic- As far as recruiters are concerned, since it holds enormous promises es from 1300 different brands. IBM use AI to help the recruiter for the world. prioritize which openings to focus on first to have the biggest We are using Google to re-think AI in HR - optimizing pro- business impact and which can- and re-imagine the products with ductivity and efficiency didate are the best fit. What is an AI first approach. It’s a cloud There has been a sea change in so powerful about applying AI journey where safety and secu- the working of HR professionals to an area like talent acquisition rity are built into every layer of during last three decades with is that AI can change mindsets. cloud operation with high level introduction of computerization Candidates might apply for a role of data encryption. Google is go- and without the use of AI., it they never would have thought ing deep on AI for security areas was impossible to complete end as in today’s scenario security is about if they were doing a tradi- to end recruitment process for tional search. AI can help recruit- number one worry and AI is top lakhs of candidates within three opportunity. Sundar Pichai, CEO ers and managers to remove bias months right from the stage of from selection decisions. AI can of Google has said that, “Our notification of vacancies to of- mission is to organise world’s help to build a more inclusive fer of appointment that too for a technology workforce. information and make it univer- right candidate at the right time sally accessible and useful. I am at the right place. But, the AI has Today, AI has the biggest impact always talking of being fortunate come as a boon and the tradi- on recruitment making it a more as a company, as a timeless ma- tional time- consuming, prone to efficient technology which also chine, one that feels as it did 20 human error, human skill-based enhances candidate assessment. years ago.” system has been replaced sav- AI can turn a 15-minute video The most recent advancement as a ing time and energy, leading to interview into a set of 20,000 result of AI is Android’s journey. error-free, transparent selection data points on facial movements, Helping mobile makers and us- process. After Google, IBM also intonation and word choice to as- ers from a coffee shop on the cor- revealed its dependency on AI sess a candidate. Machine learn- ner to complex enterprises with especially in the field of talent ing can automate candidate’s

22 KaleidOscope March, 2020 ARTICLE outreach and streamline employee on boarding. HR software claimed 71% reduction in cost of hiring and a three-fold increase in recruiter’s efficiency. These figures are based on statistical findings. AI also helps in performance management system since technology continuously tracks the productivity of various teams on real time basis. It helps mangers in identifying individuals with the highest probability of success in order to place them on the right of data to work on. In order to job. Innovation and virtual learn- Career in AI is no cakewalk become a successful AI profes- ing are an important aspect where but lucrative sional, one needs to have good AI augments learning and devel- It has been observed that from the understanding of linear alzebra, opment with multiple platforms. world’s largest tech companies probability, statistics and other The AI based learning technol- to start-ups, everyone is looking core mathematical concepts be- ogy claims to have 32% increase for AI. A lot of mathematics, con- cause machine learning involves in employee productivity and stant learning and understand- 43% increase in retention of em- ing human behaviour are some complex functions with different ployees. Increased use of smart of the ways to get a foothold in variables. AI professional tweek phones. Tablets and laptops have AI’s growing industry. There are different parameters and run ex- made mobile workforce manage- a few AI professionals who have periments with them. excelled in making a career and ment. It brings team mates closer according to them, the career in Finally, I would like to sum- boosting a collaborative spirit. AI is about many different things marize that it is an unfounded Another important aspect is from data analysis, text and im- myth that Artificial Intelligence Employee Self Service (ESS) in a age recognition to linguistics but is an impediment in the way of smart manner so as to have con- the successful AI professionals do human resource development. stant free flow of information not talk about robots. They came Rather, it is a great tool in the and engagement. Smart ESS aids from engineering background, hands of human resource to en- quick replies to questions and gained experience in IT sector hance the overall efficiency and find policy related information and joined MNCs like Amazon, productivity of the organisation. and also have transaction without Google, Facebook, etc. Their Human Resources need to feel lengthy administrative processes package ranged from 40 lakhs per proud that they are creator of or multiple level human interac- annum to 60 lakhs per annum. Artificial Intelligence. The com- Many cities in our country have tions. The employee data is col- puter programme and for that AI communities, both online and lected and compiled quickly and matter, even a robot can think offline. One has to keep eyes and without human error. In nutshell, and innovate only to the extent ears open, follow the latest re- we can say that whether there is 26 of memory he/she has got. It can search and attend conferences to years old HR manager or a CHRO generate alternatives to a prob- be abreast with latest happenings. with 26 years of experience, the lem by the way of choosing the use of AI in HR creates more time AI is not some kind of magic best available in its memory. for them to tackle bigger and tool that can solve all problems. Errors, mistakes, omissions, inac- more important challenges and Basically, it is only an advanced curacies and lapses only relates to allows to focus on what they can statistical tool. For an AI solution human intelligence. These words do best by nurturing, cultivating to be effective, it requires certain are non-existent in Artificial and working with talent. conditions like having plenty Intelligence.

Kaleidoscope March, 2020 23 ARTICLE Insolvency and Bankruptcy Code – Best Bet to Debt! Nandita Chatterjee Ray Bureau Chief Sangbad Pratidin, New Delhi

he Insolvency and Bank- Board of India (IBBI), the rising from the trading sector, among ruptcy Code (IBC) has trend of cases admitting under others. Within the manufacturing Tcompleted three years. the IBC for corporate insolvency sector, metals and textile contrib- Though still in its infancy, IBC is resolution process (CIRP) re- uted to the largest number of cas- being hailed as a standout legis- mained unabated even in the es admitted under the IBC at 7% lation brought in by the present October-December period of each. Operational creditors (OCs) dispensation for debt resolution current fiscal. Since coming into have triggered 1,630 or around of troubled companies. force with effect from December 49% of the CIRPs followed by The Companies Act, 1956; the Sick 1, 2016, insolvency proceedings 1,439 or about 43.4% by financial Industrial Companies Act, 1985; have been commenced for a total creditors (FCs) and the remain- the Recovery of Debts Due to of 3,312 cases of which 246 have ing by the corporate debtors Banks and Financial Institutions been closed in appeal or settled; (CDs). Of their Rs 3,51,528 crore Act, 1993; the Securitisation 135 have been withdrawn; 780 admitted claims so far, FCs have and Reconstruction of Financial have ended in orders for liquida- realised Rs 1,51,664 crore which Assets and Enforcement Securi- tion and 190 have ended in ap- translates into a good 43.1% over- ties Interest Act, 2002 had all been proval of resolution plans. CIRP all recovery. used in the past to tackle with the is ongoing for 1,961 cases or 59% Among the 12 major cases for bad debt problem of the bank- of the total cases admitted under which CIRP was initiated as ing system, but none could live the IBC. per the RBI’s June 2017 direc- up to the promises. Reserve Bank Of the 3,312 cases, 41% (1,343) tive, resolution plans for seven of India’s corporate debt re- belong to the manufacturing sec- companies have been approved structuring scheme also yielded tor, 20% (665) belong to the real while liquidation orders have limited results. estate sector, 11% (362) from the been passed against two compa- Compared to a negligible return construction sector and 10% (328) nies. CIRP for two cases is still on; of around 26% through all these mechanisms, the recovery rate for Status of Corporate Insolvency Resolution Process (CIRP), the lenders under IBC has been as on December 31, 2019: higher at close to 43%. The rate of recovery is likely to go up further Status of CIRP Number of CIRPs with the recent Supreme Court Admitted 3,312 judgment in the Essar Steel mat- Closed on appeal/settled 246 ter upholding that the ultimate Closed on withdrawal 135 discretion on the distribution of Closed by resolution 190 funds rests with the committee of creditors (CoC) comprising finan- Closed by liquidation 780 cial creditors (FCs). According Ongoing CIRP 1,961 to Insolvency and Bankruptcy (Source: IBBI)

24 KaleidOKaleidOscope March, 2020 ARTICLE

Initiation of CIRP: expected to ease the restructuring Quarter By OCs By FCs By CDs Total of financial companies as regula- Jan-Mar,2017 7 8 22 37 tors may apply for restructuring Apr-Jun,2017 58 37 35 130 well within time and could enable Jul-Sep,2017 98 99 38 235 the FSP to service its business. Oct-Dec,2017 65 65 14 144 The first FSP admitted for resolu- Jan-Mar,2018 89 85 22 196 tion was moved by the Reserve Apr-Jun,2018 130 102 18 250 Bank of India against Dewan Jul-Sep,2018 128 98 16 242 Housing Finance Corporation Oct-Dec,2018 147 113 16 276 Ltd (DHFL). The Insolvency and Jan-Mar,2019 162 193 21 376 Bankruptcy Code (Amendment) Apr-Jun,2019 154 129 17 300 Ordinance, 2019, notified on Jul-Sep,2019 291 265 9 565 December 28, 2019, was issued to Oct-Dec,2019 301 245 15 561 amend the Code in order to ring- Total 1,630 1,439 243 3,312 fence the corporate debtor from attachment/criminal proceedings (Source: IBBI) against offences committed by previous managements. while in one case, the resolution The Ordinance has inserted process had to be started afresh. Going by the experience Section 32A to provide that the These ‘dirty dozen’ had outstand- so far, OCs have been liability of a corporate debtor for ing claims of Rs 3.45 lakh crore, at the forefront to an offence committed prior to the accounting for nearly one-fourth commencement of the Corporate of the then gross NPAs of the drag a company to the Insolvency Resolution Process banking system. insolvency court. The (CIRP) shall cease, and the cor- Since IBC is an evolving and a meager threshold of porate debtor shall not be prose- dynamic legislation; quite inevi- Rs one lakh fuels their cuted for such an offence from the tably, a lot of issues have cropped date the resolution plan has been up in IBC’s journey so far. The aggressiveness; but in the approved by the adjudicating au- government, with the sole aim of process, such cases eat thority, if the resolution plan re- rescuing a distress company, has sults in the change in the manage- out a majority of the time been prompt to address such is- ment or control of the corporate sues with timely interventions. of the company tribunals debtor. A lot of issues have been settled, and thereby, the number The Covid-19 pandemic is likely but a lot is yet to be settled such to turn many enterprises insol- as whether a mere default of Rs of pending cases keeps on vent and with this, the workload one lakh is way too little to trigger mounting. of the country's insolvent courts insolvency proceedings against a may rise many times. There corporate debtor and whether the keeps on mounting. Though an is a possibility that the Prime Prevention of Money Laundering OC is within his statutory right Minister-appointed economic re- Act (PMLA) overrides the IBC or to take a defaulting company to sponse task force will take suit- vice-versa. NCLT, the resolution of the big able steps in tweaking the extant Going by the experience so far, cases had to wait. Time is perhaps NPA norms after assessing the OCs have been at the forefront to ripe for the government to bring situation. One step would be re- drag a company to the insolvency an amendment to the original Act laxation of asset-classification court. The meager threshold of Rs and make it slightly tighter. norms by banks and thus, allow- one lakh fuels their aggressive- Financial Service Providers ing companies to delay the repay- ness; but in the process, such cas- (FSPs), which were outside the ment of loans. Tax holidays for es eat out a majority of the time of purview of the IBC, have been the worst-hot sectors can also be the company tribunals and there- brought under it. The move, looked at. If lenders do not agree, by, the number of pending cases according to Care Ratings, is IBC will have a major role to play.

Kaleidoscope March, 2020 25 ARTICLE

Sustainable Development Goals in Industry 4.0 Era: Action Plan of Nineteen Countries Dr. Rajen Mehrotra*

The Seventeen “It is a roadmap to ending global climate change, environmental Sustainable Development poverty, building a life of dignity degradation, peace and justice Goals (SDGs) for all and leaving no one behind. and make all out efforts at achiev- It is also a clarion call to work in ing the seventeen SDGs by 2030. In September 2015 at the United partnership and intensify efforts Nations (UN) Headquarters in to share prosperity, empower New York, 193 member coun- Industry 4.0 people’s livelihoods, ensure tries adopted the historic new The fourth industrial revolution peace and heal our planet for the agenda, entitled “Transforming (Industry 4.0) has taken further benefit of this and future genera- Our World: The 2030 Agenda for from what was achieved by the tions”. The seventeen SDGs ad- Sustainable Development,” and earlier three industrial revolution opted are given in the annexure. one hundred sixty-nine targets with the adoption of computers with an objective of transform- Every country is at a different and automation and enhanced it ing the world. The Sustainable level of social, economic and with smart and autonomous sys- Development Goals (SDGs) are technological development and tems fueled by data and machine the blueprint to achieve a bet- the Government of each coun- learning including use of robots. ter and more sustainable future try strives to work in a direction As Industry 4.0 unfolds, comput- for all. These seventeen SDGs to improve the living standard ers are getting connected and are addressed the global challenges of the citizens of their country, able to communicate with one we face, including those related though the speed at which this another which can facilitate in to poverty, inequality, climate takes place differs. Each country making decisions without human change, environmental degrada- does strive to help the socially involvement. Cyber-physical sys- tion, peace and justice. These sev- and economically weaker section tems are a reality where humans enteen SDGs are all interconnect- to improve and also assists the and smart factories connect and ed, and in order to leave no one citizens to lead a better social, eco- communicate to each other via behind, it is important that each nomic and healthier life, reduce the Internet of Things and the of the 193 member countries un- the disparity; at the same time the Internet of Services, which makes dertake efforts at achieving them challenges that each country faces Industry 4.0 possible and the by 2030. differs. However, in each country smart factory a reality. It is also the citizens, civil society, busi- leading to Real -Time Capability When the seventeen SDGs were ness and the Government needs where data can be collected and adopted The UN Secretary- to strive in tackling the problems analyzed to provide insights General Mr. Ban Ki-moon said relating to poverty, inequality, immediately.

* Past President of Industrial Relations Institute of India (IRII), former Senior Employers’ Specialist for South Asian Region with International Labour Organization (ILO) and former Corporate Head of HR with ACC Ltd. and former Corporate Head of Manufacturing and HR with Novartis India Ltd.

26 KaleidOscope March, 2020 ARTICLE

Industry 4.0 presents several challenges and opportunities to all the stake holders in a country and we need to strive at finding solutions to these challenges at the same time taking advantage of the opportunities in achieving SDGs. A major challenge that Industry 4.0 will throw up is changes in skill required for new type of employments; at the same time decline in prospects of employment for persons not having the new requisite skills. There are also opportunities wherein the benefits of Industry 4.0 could help in education, tele medicines, 13 to 15 January 2020 in Hanoi, had divided the seventeen SDGs effective disaster response, etc. Vietnam. There were 32 par- in four focal areas with a Vision ticipants from the 19 countries statement for each, and is work- Industry 4.0 is a reality and has (i.e. Bangladesh, Cambodia, ing in the direction of achieve- entered the world of work and China, India, Indonesia, Korea, ment of the Vision as stated by governance. We need to handle Lao PDR, Malaysia, Mexico, them. The details are given below. it in a manner, wherein it helps Mongolia, Myanmar, Nepal, The Government of Vietnam the country in achieving the sev- Pakistan, Philippines, Singapore, has worked out four focal areas enteen SDGs. We do find that in Sri Lanka, Thailand, Turkey and and grouped the seventeen SDGs many countries of the world, ac- Vietnam) that participated in this and for each focal area developed tivities are still by and large in workshop. the operating phase of industrial a Vision Statement, which are as The objective of the workshop revolution two and three and the follows. was to understand the approach- same will continue. Hence, while Focal Area One – Investing in es adopted by the 19 participating looking at SDGs in Industry People covering SDGs 1,2,3,4,5& 6 countries towards the SDGs and 4.0 era, we will have to bear in with Vision Statement: Providing in the workshop evolve through mind the reality at which each inclusive and equitable quality the experience of the participants of the 193 member countries of social services and social protec- on what could be an approach at the world operate, and how the tion systems for people living in achieving these in the Industry various stake holders can use Vietnam to be healthy, educated 4.0 era. During the workshop Industry 4.0 for the benefit of the and free of poverty and empow- it emerged that each of the 19 citizens of their country. ered to reach their full potential. countries that participated in the workshop has one of the minis- Focal Area Two – Ensuring cli- Nineteen Countries Meet tries or a Government agency as mate resilience and environment The Association of Overseas the focal point to plan , execute , sustainability covering SDGs Technical Cooperation and monitor and document the coun- 2,5,6,7,8,9,11,1213,14&15 with Sustainable Partnership (AOTS) tries progress with reference to Vision Statement: Effectively re- of Japan sponsored by the achievement of each of the sev- sponding to climate change and Ministry of Health, Labour & enteen SDGs , though the prior- natural disasters, as well as sus- Welfare, Government of Japan or- ity on each of these goals differed tainable managing resources and ganized a Joint Study Workshop from country to country. Each of the environment. of Employers’ Organization of the 19 country participants pre- Focal Area Three – Fostering 19 countries on the “Sustainable sented the approach taken by prosperity and partnership cov- Development Goals (SDGs) in their country. Noteworthily, The ering SDGs 5,8,10,12&17 with the era of Industry 4.0” from Government of Vietnam in 2017 Vision Statement: Shifting to

Kaleidoscope March, 2020 27 ARTICLE sustainable and productivity led corporations and individuals. be closely monitored, drasti- growth model, as well as creating • The Government need to en- cally reduced and extensively a fairer, more efficient and inclu- sure sustainable food produc- controlled. sive labour market that ensures tion and also ensure to provide • Increase in public health expen- decent work and opportunities nutritious food to all chil- diture by each country from for all. dren below age 5 to eradicate existing level, as it is a major Focal Area Four – Promoting malnutrition. need. justice, peace and inclusive gov- • Community cultivation and • Need to recognize allocation ernance covering SDGs 5,10, community kitchens / app that of funds for mental health, as &16 with Vision Statement: helps collect left over food from fourth industrial revolution Strengthening governance and restaurants and super markets will lead to its increase. adherence to the rule of law, en- before they lose their shelf life • New initiatives for business suring respect for and the protec- and dispersed to the needy. transformation. tion of human rights and freedom • Ensure everyone gets two from discrimination, and moving • Business can provide online meals a day. towards a more just and inclusive platforms /apps for employees’ society. health and wellbeing such as SDG3 Good Health and mental and physical consulta- tions online. Action Plan Developed Well Being • Need for an effective popula- by the 19 Country • Child birth mortality rate and tion control. Participants maternal mortality rate to • Disclosure on the content of all The 19 country participants dur- eatable items. ing the workshop interacted and The Millennium Summit of UN • Education on health / using worked out a frame work for in 2000 came forward with technology for imparting at an actions that the Government, economical cost. business and social activists can eight international Millennium undertake for achieving the sev- Development Goals (MDGs) for enteen SDGs and these are listed SDG4 Quality Education the year 2015, and these have below: -- • Need for free compulsory qual- been followed by the seventeen ity primary education. SDG1 No Poverty & SDG2 SDGs and each country has • Less academic and more skill- Zero Hunger been working on them. In India based education. • There is growing urban • Produce more doers compared at the Central Government and non-urban poverty - to administrators. level, NITI Aayog has been Government needs to provide • Education and skill develop- subsidy to the targeted groups assigned the role of overseeing, ment should be aligned with and also schemes to ensure reporting and monitoring the developments of the fourth zero hunger. industrial revolution. the implementation of SDGs. • The fourth industrial revolu- • Dual curriculum. tion would result in job dis- Each of the 19 countries that • Closer collaboration between placement and there is need participated in the joint study industry and academia to en- to preserve jobs for vulnerable sure curriculum meets industry groups which would involve workshop organized by AOTS and business needs. skill development programme. of Japan from 13 to 15 January • Business to partner with gov- • The Government needs to es- 2020 in Hanoi, Vietnam ernment, educational institu- tablish a proper mechanism for tions, vocational institutes and management and disbursement have been making efforts at offer effective apprenticeships. of funds to the poor from taxes achieving the seventeen SDGs. or other fund collected from • Government should facilitate

28 KaleidOscope March, 2020 ARTICLE

for developing affordable vocational / tertiary education infrastructure.

SDG5 Gender Equality • Women representation at the high /decision making level. • Empowering gender equality for all. • Reduce gender pay gap (equal pay for equal work). • Social safety security for the housewives.

• Enhanced maternity leave compliance. providing for a suitably de- benefit. • Rain water harvesting. signed friendly work place for them. • Flexible working hours where • Community toilets in non- feasible. urban areas where cost of con- • Flexible working hours. • Provide incentives and grants structing individual household • Social Security net – unemploy- to women to enter gig econo- toilet may be prohibitive. ment insurance for displaced my (e-commerce). • Protection and restoration of workers. • Business can provide virtual water related ecosystem. • Old age pension fund /old age workplaces / flexible work for • Water and sanitation man- saving scheme. women. agement through people • Productivity linked perfor- participation. mance pay. • Digital trainings for women. • Ensure non exploitation of mi- • Need for action rather than Affordable and Clean grant workforce through mem- talk / social media campaigns Energy orandum of understanding with case examples of success. • Reduce taxes for green between country of origin and • Need for a change in posi- enterprises. destination. tive mind set of men, towards • Encourage the use of renew- • Restructure companies in line women. able energy. with new technologies. • Ensuring inclusiveness of • Recycling. • Digital evaluation of lesbian, gay, bisexual, and • Smart cities. companies. transgender (LGBT). • Green architecture. SDG9 Industry Innovation SDG6 Clean Water and SDG8 Decent Work and and Infrastructure Sanitation Economic Growth • Reliable and continuous power • Wherever activities of business and water supply at a reason- • Occupational Safety and Health and domestic usage results in able price. (OSH) management at work discharge of waste water and place. Need for awareness, • Internet and other communica- effluent into the water bodies, training, policy guidelines, best tion have to be available and af- Government intervention is re- practices. fordable penetration has to be quired to ensure compliance of wide. standards on discharge. Also, • Empowering people who • Promote start up and entrepre- industry and business to ensure are physically challenged through skill development and neurship culture.

Kaleidoscope March, 2020 29 ARTICLE

• Ensure to innovate continu- results in higher quantum of air / paying a price for carbon ously to be competitive and emissions, effluent discharge emissions. digital readiness for meeting and solid waste needs to be • Ensuring green education and challenges of fourth industrial monitored for achieving re- green business / as far as pos- revolution. duced quantum from the past sible paperless functioning. • Create digital ecosystem to by the use of new technologies. Business and Government bring businesses together and SDG 14 Life Below Water share their experiences. needs to partner in the same, coupled with incentives and • Effluent/waste water • Mechanism for easy access to penalties. management. capital /credit for micro, mini • Imposing fines on dumping and small businesses. • Consumer awareness and education. waste in the sea / river / pond. SDG10 Reduced • Organic products / eco • Netting policies. Inequalities products. • Seasonal fishing policy. • Fourth industrial revolution • Imposition of penalty on un- • Ocean acidification. would result in income dispar- consumed / wasted food. • Sustainable management of ity between highly skilled and • Circular economy. marine ecosystem. low skilled workers – reskilling and upskilling needed. • Saving energy policy. SDG 15 Life on Land • Inclusive growth by empower- • İnvestment in latest • Declaring ecological critical ing and promoting social and technologies. areas. economic inclusion for all, irre- • Environment friendly • Conservation of the endan- spective of age, sex, disability, technologies. race, ethnicity, origin, religion, gered species. economic or other status. • Preservation of heritage. SDG 13 Climate Action • Preventing deforestation. • Specialized ministry/agen- SDG11 Sustainable Cities • Promoting afforestation and cies to manage environmental • Green and smart cities. use farmed timber only. issues. • Sustainable cities and • Reduction of greenhouse communities. SDG 16 Justice and Peace gasses. • Urban planning, development • Review and where possible plans. • Use of renewable energy. reduce budget on defence • Integrated transportation • Waste management. spending. system. • Supporting green jobs/ • Revisiting/rationalizing the • Create community events. businesses. justice system. • Community child care centres • Preserving forest coverage. • Equal access and dispensation and Recreation centres • Circular Economy reduce, re- to justice. • Social networking use and recycle / use of app to • Members of the society should • Autonomous driving system. recover electronic wastes and be equally treated before the law. • Government needs to ensure clothes and others. adequate, safe, affordable • Conserve water and move • Judicial reforms to be visited/ housing, transportation and towards use of clean energy reviewed at regular intervals. basic services. • Clean energy as means of • Prevention of corruption/ transportation / electricity gen- nepotism. SDG12 Responsible erated by wind and / or solar Consumption power. SDG 17 Partnership for the • Increased production which • Control carbon emissions Goals

30 KaleidOscope March, 2020 ARTICLE

• Collaboration among the min- been followed by the seventeen have developed an action plan, istries and agencies to ensure SDGs and each country has been allocated budget, and also seeks sustainable development at the working on them. In India at support / partnership from busi- national level. the Central Government level, ness, civil society and also if • Create social dialogue plat- NITI Aayog has been assigned possible, support from rich coun- forms at company level the role of overseeing, reporting tries, as the money and effort • Collaboration with inter and and monitoring the implemen- required is substantial. There is regional partner for mutual tation of SDGs. Each of the 19 need both at the International development in the respective countries that participated in the Level and also at each country areas/creating memorandum of joint study workshop organized level to work out an “effective understanding /agreements. by AOTS of Japan from 13 to 15 recognition and reward system" • New initiatives to bring social January 2020 in Hanoi, Vietnam for all contributors to speed up partners together on techno- have been making efforts at implementation in the direction logical issues, digital train- achieving the seventeen SDGs. of achieving SDGs. There is also ings, digital transformation of The action plan developed by need in each country for the civil industries. the participants in the joint study society, employer organizations workshop is a broad framework trade unions and the Government Conclusion of what the representatives of the to work together, to understand employer organizations of the The Millennium Summit of the challenges and opportunities countries present perceived could UN in 2000 came forward with emanating from Industry 4.0 and be undertaken, and hence is not a eight international Millennium how they could be used in ben- Development Goals (MDGs) for thorough check list. efitting the achievement of the the year 2015, and these have In each country, the Government seventeen SDGs by 2030.

Annexure SDG1: End poverty in all its forms everywhere SDG2: End hunger, achieve food security and improved nutrition, and promote sustainable agriculture SDG3: Ensure healthy lives and promote well-being for all at all ages SDG4: Ensure inclusive and equitable quality education and promote life-long learning opportunities for all SDG5: Achieve gender equality and empower all women and girls SDG6: Ensure availability and sustainable management of water and sanitation for all SDG7: Ensure access to affordable, reliable, sustainable, and modern energy for all SDG8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all SDG9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation SDG10: Reduce inequality within and among countries SDG11: Make cities and human settlements inclusive, safe, resilient and sustainable SDG12: Ensure sustainable consu-mption and production patterns SDG13: Take urgent action to combat climate change and its impacts (in line with the United Nations Framework Convention on Climate Change) SDG14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development SDG15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss SDG16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels SDG17: Strengthen the means of implementation and revitalize the global partnership for sustainable development

Kaleidoscope March, 2020 31 ARTICLE Corporate Social Responsibility: 360º Completed B. B. Goel Professor Public Admn. (Retd.), Punjab University

he national think tank, to improve operational and finan- fencing CSR resources judicious- of late, has been brain cial Performance; transparency ly lest these are frittered away by Tstorming on Development and accountability in Processes; thinly spreading them for unsus- Agenda aiming at 8% aspira- benchmarking in Personnel; tainable programs. Larger inter- tional growth in tune with UN Procurement through GeM and est of CSR, therefore, lies in such Sustainable Goals by accelerat- MSMEs; & Preparation for tech- events that promote well being of ing momentum for unfinished nological disruptions. A 100 underprivileged. structural reforms in the country. days deadline was finalised with CSR is not a new concept. Public Sector which plays a piv- measurable targets on five major MCA conceived CSR Voluntary otal role in commanding heights challenges, namely maximising Guidelines in 2009. These were of economy has been suggested geo- strategic reach, minimising refined as Nation Voluntary to initiate measures for consoli- import bill, integrating innova- Guidelines on social, environ- dation, mergers and acquisitions tions and research, new devel- mental and economic responsi- of CPSEs leading to economies opment models that can be pro- bilities in 2011. Out of nine fun- of scale, global competitiveness vided, & optimally utilisation of damentals, Sr. No.8 focussed on and access to cheaper interna- Corporate Social Responsibility national development priorities tional funding. In this context, (CSR) funds on one specific and strategic CSR based on shared 2018 CPSEs Conclave focussing theme like development of 115 value concept. Subsequently, on four core themes (Corporate Aspirational Districts each year DPEs’ Guidelines (2012) envis- governance in the new age, re- on analogy of Toilet construction aged that since corporate respon- inventing human resource man- in the country. sibility is integral to CSR, busi- agement, financial re-engineer- ness be conducted responsibly in ing, and Innovation, R&D & CSR significance in a transparent and ethical manner. Technology for the future) had Historical Perspective Finally, CSR policy rules were en- projected Vision “New India At the outset, rationale of CSR forced from April 1, 2014 under 2022”. legislation for social, economic Companies Act 2013. Prime Minister in his address and human development cannot Soon thereafter, Anil Baijal 1st viewed PSEs as profit and social be interpreted as a source of fi- High Level Committee (2015) tak- benefit generating enterprises for nancing resource gap by levying ing stock of CSR mandate made welfare of stakeholders and civil additional taxes/cesses for inclu- far reaching recommendations society. Ruling out separate man- sive growth. The real purpose which were suggested for adop- tras for success of private and is to ensure participation and tion by Company Law Committee public sector, CPSEs were exhort- involvement of corporate in dis- (2016). Simultaneously, 2nd HLC ed to help in making New India charging multiple responsibilities (2018) chaired by Injeti Srinivas, Jewel on strength of Incentives, with their innovative ideas and Secretary, MCA, came out Imagination and Institutional management skills in delivery with its report on 13th August building. He also suggested 5Ps of public goods. It requires ring 2019 suggesting CSR roadmap.

32 KaleidOKaleidOscope March, 2020 ARTICLE

But Parliament brought stringent measures for CSR compliance by enacting Companies (Amendment) Act 2019 on 31st July 2019 (two weeks earlier of report submission).

CSR Mandate According to latest Act/Rules, only those entities having net worth of Rs.500 crores or turnover of Rs.1000 crores or net profit of Rs.5 crore are required to invest 2% of its average net profit for the immediately preceding three years on CSR activities specified be very pertinent to briefly in- • Re-visiting CSR framework af- in Schedule VII. These activities trospect recommendations of ter three years are also restricted to over and Anil Baijal and Injeti Srinivas above company’s normal course Committee along with changes Injeti Srinivas Committee of business. CSR policy and deci- brought in Companies Act to pro- (2019) sion making authority is vested ceed ahead. This Committee was required with Board and CSR Committee. Anil Baijal Committee (2015): to develop a robust and coher- Corporate are thus expected to The Committee having examined ent CSR framework for future adopt arms' length approach in compliance, monitoring and eval- growth. It clarified that CSR taking up such activities which uation of CSR opined that since should promote responsible and sub serve their own ends. 2014-15 was the first year to com- sustainable business philosophy Sub-section 5 of Section 135 pro- ply with CSR provisions, there is at broad level. Some of its recom- vides jurisdiction to pursue CSR no harm to observe leniency for mendations are: next two/three years. It favoured activities --“provided that com- • Mandate CSR provisions across greater autonomy and flexibility pany shall give preference to all business entities like LLPs & on the part of Company’s Board the local area(s) around it where Banks it operates, for spending the for a self-regulatory regime. It • Exempt companies to form CSR amount earmarked for CSR ac- specifically recommended: Committee having CSR ex- tivities”. For utilisation of funds, • Segregation of companies into penditure less than Rs.50 lacs CSR policy extends leniency on two categories due to small to avoid undue burden unspent funds on ‘comply or ex- CSR budget for execution; plain' principle as these do not • Trigger CSR obligations only • Accountability of Board for lapse for another two years. It after three years for newly cre- fund utilisation within existing implies that if an entity fails to ated companies for Ease of penalty provisions; spend funds, Board in its annual Doing Business report by specifying reasons for • Omnibus Clause in Schedule • Financial audit for CSR expen- not spending, can easily adopt es- VII to objects of social good; diture to improve transparency. cape route. • Uniformity in income tax treat- • Mere disbursal of funds to As already mentioned, CSR ment of CSR expenditure; Implementing Agencies is not a scheme after its official launch CSR spend. • Increased administrative ex- in 2014 had many teething prob- • Register Implementing Age- penses cap from 5% to 10%; lems and successive High Level ncies with MCA after Boards Committees were constituted to • Other profit making entities set have ascertained their credibility. overcome intrinsic and extrinsic up under specific statutes to fall • Boards can associate experts difficulties. It would therefore, under CSR domain; and on CSR Committee and their

Kaleidoscope March, 2020 33 ARTICLE

appointment criteria to be pre- amending Section 135 of the Act scribed by Government To conclude, time tested on 31st July 2019. While under • Uniform tax benefits for CSR CSR journey has already revised sub-section 5, companies expenditure are obliged to transfer unspent evolved in a big way; CSR funds to one of the Funds • CSR Exchange Portal for lever- prescribed under Schedule VII aging technological benefits of travelled much beyond within six months of the expiry of CSR outcomes money; and needs to the final year, newly inserted sub- rd • 3 party assessment of CSR run like a business. section 6 enjoins that any amount projects by identifying 5% com- Distinct from terms like remaining unspent under sub panies on random basis. section 5, pursuant to any on- • CSR impact studies once in five charity, sponsorship going project, shall be transferred years for companies spending or philanthropy, profit within 30 days from the date of an average of Rs.5 crore in three financial year to a special account years making concerns to be opened in a Scheduled • Hybrid vehicle for bringing endeavour to dedicate a Bank to be called as Unspent CSR Account. Such an amount shall private sector and civil society portion of their profit to to harness their strengths for be spent within three years from achieving social outcomes the common social good the date of such transfer, failing which company shall transfer • Strengthening CSR reporting to give back to the society the same to a Fund specified in with more disclosures in re- for improving the quality Schedule VII within 30 day from spect of projects, locations and the date of completion of third fi- implementing agencies of life. However, slowly nancial year. • Discouraging contribution to and steadily, CSR mandate funds specified in Schedule VII A new sub-section (7) further has taken a complete stipulates that a company shall • MCA to partner with DPE for be punishable with fine (not less formulating CSR guidelines for U-turn. Presently, India is than Rs50,000 to Rs.25 lakh) for CPSEs probably the only country non-compliance of CSR expendi- • Ownership of capital assets world over envisaging an ture within the time limit. Besides, created through CSR spends every officer of the company who to rest with public while com- unparallel CSR statutory is in default shall be punishable panies to make them self-sus- obligation. with imprisonment for a term taining in tune with 17th SDG extendable up to 3 years or with “Partnership for Goals”. fine which shall not be less than • Broadening scope of Schedule analogy of Economic Survey Rs.50,000 but may extend to Rs.5 VII as per UN SDGs enumer- for improved decision-making. lakh or with both. ated in 2030 Agenda for Social • CSR being a tool for social in- Development clusion, non-compliance of Implementation Strategy • Need based CSR spending by provisions is treated as civil CSR implementation strategy looking into local area pref- and not a criminal offence. requires resolving following erences with national priori- However, quantum of penalty deadlocks: ties. Besides, CSR funds need be enhanced twice/ thrice of not be earmarked for specific default amount with Rs. one Piecemeal Widening Scope of beneficiaries. crore cap. Schedule VII • Enhanced administrative over- During the last five years, scope heads (5% to 10%) for com- Companies (Amendment) of Schedule VII has been expand- panies undertaking Impact Act 2019 ing horizontally. Very recently, Assessment studies The Government brought dras- Government has allowed CSR • Annual CSR survey on tic overhaul in CSR policy by funds spending on incubators

34 KaleidOKaleidOscope March, 2020 ARTICLE funded by central/state or any agency/or PSU and making contributions to public funded universities, IITs, national labo- ratories and autonomous bodies. Similarly, selection of 115 Aspirational Districts as a national theme under CSR framework has been suggested under New India 2022 Vision Document. There is unanimity in reports of two High Level Committees that CSR mandate must not be wid- ened without any rationale, jus- tification and pre-planning. Such an ad-hoc approach is neither in scope for addition/subs traction. six years and therefore, terms tune with spirit of the Scheme like leniency and learning on the nor has brought credibility envis- Jurisdictional blockade part of corporate entities must aged under the Act. In fact, there Although CPSEs are expected not be held a valid ground for is a dire need for incorporating an to preferably undertake its ac- compliance. Omnibus Clause in Schedule VII tivities in local areas, definition Sustaining assets instead of making frequent piece- of “local area” finds no men- meal changes so that CSR man- tion in the Act and the Rules. Ever since CSR launch, there has date amply takes care of antici- Management of CPSEs appear- been quantitative jump in in- pated developments, priorities, ing before Committee on Public creased allocations coupled with needs and concerns taking place Undertakings (8th Report 2015- professionalism and expertise in in the countryside. Once CSR 16, 16th Lok Sabha) reported that its implementation. KPMG sur- scope is enlarged, corporate enti- while it was quite difficult for vey (June 2019) confirms that ties based on its preferences and Service and Tertiary Sector en- Reliance Industries tops in CSR chosen sectors can liberally take terprises to have defined geo- spend followed by Public sector up combination of numerous ac- graphical area for commercial giants like NTPC and ONGC. In tivities having direct/indirect im- operations and could take up specific context of CPSEs, CSR pact on lives of inhabitants name- CSR activities at any given loca- expenditure according to latest ly, rehabilitation of abandoned tion, CONCOR had set local limit Public Enterprises Survey was women and children; dowry less within a radius of 200 KMs. This Rs.2450.31 crores, Rs.4028.04 cr- mass marriages; welfare of armed issue therefore needs to be looked ores, Rs.3336.5 crores, Rs.3441 forces veterans; homes for home- into earmark specified portion of crores and Rs.3873 crores during less; renovation/construction of CSR funds for different locations/ 2014-15 to 2018-19 respective- cremation grounds; infrastruc- themes. For instance, 50% funds ly. Recently, State Minister for tural development of schools/ can be criteria for uniform pattern Finance mentioned that compa- colleges; distance education for of spending in closed vicinity of nies have spent about Rs.50,000 all sections of society; adoption an enterprise to cater to local de- crore in the last five years of model villages for balanced mands with explicit explanation (29.10.19). While CPSEs alone regional development; preserva- of the term ‘local area’ in KMs. share CSR expenditure close to tion of ethnicity of indigenous The balance 50% can be spent on 30% Pan India, Maharashtra tops communities; learn/earn scheme an annual theme to ensure Pan highest expenditure (26.6%)-hav- for plumbers, mechanics, car- India impact. ing the largest share of companies penters, electricians, web design- registered followed by Delhi and ers etc; local logistics connecting Compliance on spending West Bengal. farmers to formal retail sector; etc. CSR scheme has already attained Conversely, another study pro- The list is only illustrative with maturity during the last about vides a dismal picture of CSR

Kaleidoscope March, 2020 35 ARTICLE

the beneficiaries to give feeling of ownership, mitigating maintenance issues of assets so created on the spot and ensuring constant social audit to minimise even- tualities of pilferages/embezzle- ments. There would also be no harm if select entities pool CSR resources in such a fashion that while monitoring mechanism re- mains separate with the respective enterprise, the end results with measurable outcomes have lasting impact on the ground. CSR shall definitely bring smile to the people by integrating social, environmental and mandate. As many as 10674 amended comprehensively in an human development concerns in (56%) out of 19184 companies integrated manner either by an entire value chain of corporate did not provide for CSR funds. Ordinance route or in the ensu- business. Only, Maharashtra, Tamil Nadu, ing Parliament session with the To conclude, time tested CSR Karnataka and Gujarat constitut- rider that there would not be journey has already evolved in a ed 54% of CSR pool. Women em- any necessity to look back to the big way; travelled much beyond powerment received scant atten- amended provisions at least for money; and needs to run like a tion. Even Union Finance Minister the next five to seven years and business. Distinct from terms like (Economic Times 30.10.2019) finally setting at rest dilemma of charity, sponsorship or philan- asked industry to expand their grace period to the corporate enti- thropy, profit making concerns CSR outreach to poor States such ties to comply with the mandate endeavour to dedicate a portion as Jharkhand, Chhattisgarh, Bihar in letter and spirit. of their profit to the common so- and eight States of North East cial good to give back to the so- Region. Appraisal ciety for improving the quality of Increased CSR allocations if uti- life. However, slowly and steadi- Implement Recommendations lised in right perspective, provide ly, CSR mandate has taken a com- Holistically vast opportunities in creation of plete U-turn. Presently, India is The two High Level Committees visible, durable and sustainable probably the only country world after examining efficacy of CSR assets having a lasting impact on over envisaging an unparallel have already suggested need lives of teeming millions of Poor. CSR statutory obligation. Thus, based, relevant and very use- This pace can further be acceler- the mandate starting its journey ful recommendations over and ated if corporate incentivise its as voluntary on ‘comply or ex- above the swift changes brought functionaries by instituting an- plain’ principle has completed a in Companies Act. It is strong- nual awards for excelling in CSR full circle at 360º. It is no more a ly felt that instead of bringing performance. Besides, CSR ac- buzz word, but a strategy govern- piece-meal changes; it is high tivities are undertaken with par- ing stakeholders including regu- time that the Act is suitably ticipation of local leadership and lators and civil society.

36 KaleidOscope March, 2020 ARTICLE Domestic Arbitral Institutions

Rohan Sharma* Advocate (India) SolicitorNP (UK)

here has been a surge in parameters such as the appoint- Domestic Arbitral the growth of Domestic ment of an emergency arbitra- Institutions TArbitral Institutions with- tor, fast track arbitration, joinder in India. This article seeks to of multiple parties is also being Indian Council Arbitration (ICA) highlight the key parameters considered. One of the oldest Domestic one looks whilst choosing an Arbitral Institution based in the arbitral institution juxtaposed Emergency Arbitrator nation’s capital- New Delhi, ICA with the applicable Rules of The advent of Emergency was established in 1965 with the the arbitral institutions. It is per- Arbitrator came into being to initiatives from Govt. of India tinent to note that the Rules of provide urgent relief to a party and popular business think tanks Domestic Arbitral Institutions before the constitution of the ar- like FICCI etc. It claims to handle are at par with what is been bitral tribunal as the constitution more than 400 domestic and in- offered by the International takes considerable time. ternational arbitration cases each Arbitral Institutions such as year. It provides Rules for three ICC, LCIA, SIAC, etc. Few of the Fast Track Arbitration spheres of dispute resolution Domestic Arbitral Institutions As the name implies a fast track namely Rules of International have modelled their rules with arbitration usually involves ad- Commercial Arbitration, Mari- that of International Arbitral judication of disputes based on time Rules, Rules of Arbitration Institutions. Rules of popular documentary evidence with the & Conciliation. Arbitral Institutions such as exclusion of oral evidence and It also has a panel of Arbitrators Indian Council Arbitration (ICA), strict timelines. comprising of judges, advocates, Delhi International Arbitration engineers, chartered accountants, Centre (DIAC), Mumbai Centre Joinder of Multiple Parties executives, maritime experts, for International Arbitration As parties entered into a series of businessmen and foreign nation- (MCIA) and SCOPE Forum of contracts which are either layered als from which the Registrar calls Conciliation and Arbitration or intertwined having a similar upon the parties to choose its (SFCA) have been discussed party or product it so happens arbitrator(s). Although, Rules of hereinbelow. the said series of contracts does ICA do provide for a Fast track not have a common dispute res- arbitration, however, it fails to Key Parameters olution clause or no arbitration provide for an emergency arbi- Amongst the normal parameters, clause at all. The rule for Joinder trator and joinder of multiple a party looks in an arbitral insti- Of Multiple Parties comes to the parties. tution such as venue of arbitra- aid of a party who is left outside tion, method of commencing an the preview of the arbitration by Delhi International Arbitration arbitration, Administration fee, consolidating its lis or grievance Centre (DIAC) Arbitrators' fees. Of lately new in the arbitration. Hon’ble Delhi High Court was

* Author can be contacted at [email protected]

Kaleidoscope March, 2020 37 ARTICLE

Comparison of the Domestic Arbitral Institutions Rules

Indian Council Arbitration (ICA), Mumbai Centre for International Delhi International Arbitration Rules 2016 Arbitration (MCIA), Rules 2016 Centre (DIAC), (Arbitration Proceedings) Rules 2018 Method of Rule 15: By a written request Rule 3: By a written request sent to Rule 4: By a written request sent commencing sent to the Registrar and the Registrar. to the Centre/Coordinator and arbitration respondent(s). respondent(s). Number of Rule 22: Unless otherwise Rule 7.1: Unless otherwise agreed Rule 8.1: Parties are free to arbitrators provided in the arbitration by parties, a sole arbitrator shall determine the number of agreement, a sole arbitrator if the be appointed, but if the dispute arbitrators provided it should not sum in dispute does not exceed warrants a panel of three arbitrators be even number. One crore Rupees and three can be appointed. arbitrators if the sum in dispute exceeds One crore Rupees. Appointment of Rule 23: Registrar to call upon Rule 7.3: Appointed by Council. Rule 8.4: Parties are free to arbitrators parties to choose arbitrator(s) Nominated arbitrators are subject to appoint their arbitrator(s), in from the Panel of Arbitrators, confirmation by Council. case of impasse between parties failing which Registrar in and arbitrators the Chairperson/ consultation with Chairman of Sub-Committee shall appoint Committee shall appoint the arbitrator. arbitrator. Challenge of Rule 7.3: Yes Rule 10: Yes, within 14 days after Rule 7.3: Yes, within 15 days after Arbitrators receipt of notice of appointment of receipt of notice of appointment Arbitrator. of Arbitrator Place or Seat Rule 42: Unless otherwise agreed Rule 23: Unless otherwise agreed by Rule 23: Unless otherwise agreed of Arbitration by the Parties it shall be Delhi the Parties it shall be Mumbai. by the Parties it shall be Delhi. Venue of and venue be Federation House, Arbitration Tansen Marg, New Delhi. Multiple parties, Not provided Rule 5: Yes Rule 6, Rule 28: Yes joinder and consolidation Time frame for Rule 63: Arbitral Tribunal to make Rule 30.2: Tribunal shall submit Rule 32: Arbitral Tribunal to preparation of Award within six months from Draft award within 90 days to the submit the draft award to award Review of the date of reference subject to Registrar. Coordinator for its scrutiny. The the award maximum 12 months. Coordinator has to communicate the suggestions within 10 days to the Arbitral Tribunal. Administration Rule 31 (2): Ad valorem as per Schedule of Fees: Case filling fee of Schedule of Fees: Ad valorem to fee amount of Claim & Counter Claim Rs. 40,000/ which is non-refundable. the sum in dispute Ad valorem as with a ceiling limit of Rs. 25 lac. per amount of Claim. Arbitrators' fees Rule 31 (2): Ad valorem to the Schedule of Fees: Ad valorem to the Schedule of Fees: Ad valorem amount of Claim & Counter Claim sum in dispute. as per amount of Claim with a with a ceiling limit of Rs. 30 lacs. ceiling limit of Rs. 30 lacs. Emergency Not provided: Rule 14: Yes, Unless agreed by all Rule 14.10: Yes, Emergency arbitrator/ parties the Emergency Arbitrator Arbitrator shall become functus arbitration may not act as an arbitrator in future officio after the order is made and procedure. arbitration proceeding. shall not be a part of the Arbitral Tribunal, which may be formed subsequently and in accordance with Rule 14 unless otherwise agreed to by all the parties. Fast track Rule 44: Yes Rule 12: Yes Rule 14: Yes arbitration or summary disposal

38 KaleidOscope March, 2020 ARTICLE instrumental in setting up Delhi Secretary-General and a team of International Arbitration Centre case handlers. (DIAC) on 25 November 2009. The DIAC. DIAC Rules are SCOPE Forum of Conciliation model after the much sought- and Arbitration (SFCA) after Singapore International Standing Conference of Public Arbitration Centre. DIAC is Enterprises (SCOPE) is an apex housed within the premises of professional organization com- Hon’ble Delhi High Court. From prising of Central Government its inception, it has seen a multi- Public Enterprises, few State fold rise of arbitrations being ad- Enterprises, Banks and other ministered by it. Like ICA it too Institutions as its Members. It has a panel of Arbitrators com- came into existence on April 10, prising of judges, advocates, engi- 1973, and Central Government neers, chartered accountants, etc. of India formally recognized Being modelled after Singapore SCOPE as an apex body of International Arbitration Centre, Central Public Sector Enterprises fee and Arbitrators' fees are Ad Rules of DIAC provide all the in November 1976. valorem to the claim amount. bells and whistles which an In order to cater to the demands Rule 33 provides for expeditious International Arbitral Institution from Public Sector Enterprises disposal of the proceedings with- provides for. for setting up a forum to re- in six months from the comple- solve disputes through arbitra- Mumbai Centre for International tion of pleadings. Further Rule 34 tion, conciliation and mediation Arbitration (MCIA) provides for levy of interest @ 2% SCOPE Forum of Conciliation higher than the current rate of in- Mumbai Centre for International and Arbitration (SFCA) came to terest as stipulated in the Interest Arbitration (MCIA) is the new be established in 2003 under the Act in those instances where in- entrant on the block and within aegis of SCOPE with the objec- terest is not stated in the award. a short period, it has been rec- tive to settle the disputes between As the cliché goes “one size fits ognised as one of the leading ar- Public Sector Enterprises and all” is certainly not applicable to bitral institutions. As the name private parties expeditiously at a arbitral institutions as every insti- implies it is based in the financial minimal cost. capital of India- Mumbai hav- tution will have its positives cou- ing a plush office at Nariman A large number of Public Sector pled with negatives, therefore, Point which also offers a venue Enterprises including M/s IOCL, it becomes imperative for a gen- to conduct the arbitration(s). It is BPCL, SAIL, NFL, CONCOR, eral counsel or advocate to de- established with the joint initia- NHPC, Airport Authority of India lineate the possible disputes that tive between the Government of Limited & M/s SJVN Limited may arise in future and how the Maharashtra and the domestic have opted SFCA Clause in their same can be effectively resolved and international business and contracts and agreements. through arbitral institutions. legal communities. The organization set up of SFCA so happens with the exit of LCIA comprises of Governing Body Important Note India on 1 June 2016 from India, and Secretariat. Governing Body This is a simplified guide in- on October 2016 MCIA came to of SFCA comprises of 15 office tended to provide an overview be established. The organization bearers for a term of two years. of the similarities and differences of MCIA is divided into MCIA Amongst other functions, the among some of the major domes- Council and MCIA Secretariat. Governing Body appoints the tic institutional arbitration rules. MCIA Council has enlisted lead- Secretariat. It is not intended as a substitute ing practitioners of arbitration SFCA Rules-2003 (as amended up for detailed legal advice as to both domestically and inter- to 2017) provide for a default ven- the procedures and laws which nationally. MCIA Secretariat ue of arbitration at New Delhi in govern a particular dispute. comprises of a CEO, Registrar/ terms of Rule 21. Administration Corrected as at 06 August 2019.

Kaleidoscope March, 2020 39 SCOPE News

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Kaleidoscope March, 2020 43 44 KaleidOscope March, 2020 Nlc India Ltd. observes International Women’s Day 2020

he International Women’s Day was cel- Tebrated at NLCIL in a grand manner. Smt Vismita Tej, IRS, Joint Secretary, Ministry of Coal graced the occasion as the Chief Guest. Smt S Rajeswari, IPS, Superintendent of Police, Idol Wing, Tamil Nadu was the Guest of Honour. Selvi K. Jayalakshmi, a student who has been selected to visit NASA and Smt. Jothimani, the only 60 Tonne capacity Women Truck driver from Tamil Nadu were Photograph taken just after releasing the Souvenir by Smt. Kanchan Rakesh the Achiever Guests. Kumar (Eighth from left) and receiving by Smt. Vismita Tej (sixth from left) in Mr. Rakesh Kumar, CMD, commemoration of the International Women’s Day-2020. Also seen are Mr. NLCIL, presided over the func- Rakesh Kumar, CMD, NLCIL, Smt. Shanthi Vikraman, Smt. Aruna Rao, Smt. Pushpalatha Chowki, Smt. Aancy John, Smt. N. Ramalakshmi and office bearers tion. Smt. Kanchan Rakesh of WIPS. Kumar, President, Neyveli Ladies Club released the souvenir on International Women’s started with screening of a N. Ramalakshmi, General Day. The souvenir was received Short Film showcasing the sig- Secretary, WIPS, Neyveli by the Chief Guest and other nificant contributions made Chapter, delivered the Women’s dignitaries. Mr. R. Vikraman, by the women employees of Day message. Director (Human Resources), NLCIL to the company and the During the occasion, sewing Mr. N. N. M. Rao, Director/ society and the contributions machines were distributed to six P&P, Mr. Prabhakar Chowki, through skill development and needy women from nearby vil- Director (Mines), Mr. Shaji empowerment of economically lages by WIPS, NLCIL chapter. John, Director (Power), Mr. weaker women in villages sur- In recognition of the achievement of Ms K Jayalakshmi, class Jaikumar Srinivasan, Director rounding Neyveli. 11 student, who has won the (Finance) and Mr. T. Vennkata- The short film also carried trip to NASA in May 2020 and subramanian, CVO/NLCIL were messages of CMD, Functional Smt. Jothimani, the only wom- present during the function. Directors, President and an driver of 60 Tonne capacity, Patrons of Neyveli Ladies Club Smt. Shanthi Vikraman, Smt. 24 wheeled heavy cargo truck felicitations on the occasion of Aruna Rao, Smt. Pushpalatha from Tamil Nadu and a recipi- International Women’s Day. Chowki and Smt. Aancy John, ent of Kalpana Chawla award Patrons of Neyveli Ladies Ms. Rajashri Swati Trike, Addl. for Courage in the year 2015, Club, also attended the occa- General Secretary, WIPS, wel- the WIPS, Neyveli Chapter pre- sion. The event powerfully comed the gathering. Smt. sented them cash award.

Kaleidoscope March, 2020 45 46 KaleidOscope March, 2020 PSEs CSR Activities Hal Showcases Best Practices Bhati RM Delhi and other officials of HAL Koraput and Delhi were present at the event. of Csr at Dpe Conference NLCIL provides purified Drinking Water Plant to Chidambaram Govt. Hospital

Mr. Amitabh Kant, CEO, NITI Ayog, inaugurating the HAL CSR Stall in the presence of Mr. Sailesh, Secretary, DPE and other officials.

A one–day Conference on ‘Implementation of Corporate Social Responsibility (CSR) by CPSEs in Aspirational Districts in Education, Healthcare & Nutrition sectors – Issues, Challenges & Best Mr. R. Vikraman, Director (HR), NLCIL commissioning the Practices’ was held at New Delhi. A poster exhi- modern RO Water Treatment plant at Chidambaram bition was organized on the occasion by select Government Hospital, installed by NLCIL under its CSR CPSEs and State/ District Authorities to showcase initiatives in the presence of Mr. Vishu Mahajan, IAS, their CSR initiatives. Mr. Amitabh Kant, CEO, Asst. Collector, Chidambaram, Dr. B. Tamilarasan, CCS, CMO,GH. Also seen are, officials from NLCIL CSR Dept and NITI Aayog inaugurated HAL CSR Stall in pres- Chidambaram GH. ence of Mr. Sailesh, Secretary, Department of Public Enterprises and other officials of DPE. HAL promi- As part of its CSR initiatives and with an aim to pro- nently showcased the CSR initiatives in Education, vide clean drinking water to the out-patients and in- Healthcare, Sports & Civic Amenities undertaken patients of the Chidambaram Government Hospital. in Koraput – one of the Aspirational Districts in NLC India Ltd. had installed a 1000 LPH Capacity Odisha. Mr. Prakash Javadekar Union Minister purified drinking water plant at a cost of Rs.12.20 of Heavy Industries and Public Enterprises ad- lakhs. The 1000 LPH Capacity plant was inaugurat- dressed the valedictory session. Mr. Javadekar said ed by Mr. R. Vikraman , Director (Human Resource), the CPSEs through their CSR expenditure can play NLCIL in the presence of Mr.Vishu Mahajan, IAS, a significant role in transformation of Aspirational Asst. Collector, Chidambaram, Dr. B. Tamilarasan, districts. Earlier, delivering the keynote address, CCS, CMO, GH, Mr. R. Mohan, CGM/CSR, Mr. V. Mr. Amitabh Kant, CEO NITI Aayog called upon Ramachandran, GM/CSR, senior officials of NLCIL the CPSEs to utilize CSR funds in a focused manner and Government Hospital, Chidamabaram. Mr. R. for development of Aspirational Districts. Vikraman, Director (HR), NLCIL, speaking on the oc- This mega event was organized by Department of casion told that NLCIL is receiving lot of applications Public Enterprises, Ministry of Heavy Industries on CSR front. However, NLCIL gives Top Priority to and Public Enterprises to share and replicate the three fields viz., education, health and hygiene and best practices on implementation of CSR projects water augmentation. Accordingly many CSR proj- in Aspirational Districts, besides providing a lead- ects were initiated and completed in surrounding ing platform to all stakeholders to discuss the is- villages. Mr. Vishu Mahajan, IAS, Asst. Collector, sues and challenges being faced by CPSEs, District Chidambaram spoke on the occasion where he Administration and Implementing agencies. praised NLCIL for doing a commendable job on Mr. Ch. Venkateswara Rao AGM (HR), Mr. Sunil CSR. NLC India Ltd‘s CSR policy is implemented

Kaleidoscope March, 2020 47 48 KaleidOscope March, 2020 with objectives of inclusive growth and sustainable development. Education, health, Infrastructures for the people in the periphery, sanitation, environment improvement, caring of Elders and skill development are some of the other thrust areas under CSR. Exposure visit by students of IIM, Sambalpur to CSR General Manager, NCL’s Krishnasila Project inaugurating Project Area of MCL the school building.

possible support to the school children to pursue their educational dream. The newly constructed primary school building has six rooms along with facil- ities of kitchen, store, and toilets for boys and girls. NCL gives 304 Prosthesis and Assistive Devices to Divyaangjans

Students of IIM, Sambalpur addressing the participants at CSR Project area of MCL

MCL hosted the exposure visit of students of IIM, Sambalpur to its ongoing CSR project site of Comprehensive Community Development Programme “CCDP-Utthan” being implemented by BAIF Development Research Foundation. Mr. Nag Nath Thakur, Director (Finance and Personnel), During the visit, students got opportunities to wit- NCL, Mr. Ram Lallu Vaishya, local MLA , Mr.Charles Juster, ness Agro-horti work, WADI and also interacted GM (Personnel), NCL, Mr. Atmeshwar Pathak, GM, CSR, NCL and Mr. S. K. Bhoval, Chief of Medical Services along with with the beneficiaries to develop understanding at other employees at the event grassroot level. The authorities of MCL and BAIF explained the socio-economic aspects and made Aimed at enabling and assisting persons with dis- students understand the wide angle perspective of abilities, Northern Coalfields Limited (NCL) gave the project. The intervention aims to uplift the eco- 304 prosthesis and assistive devices to 207 divy- nomic status of the rural households by providing aangjans (Differently able persons) in a programme sustainable livelihood opportunities. organized at its Nehru Shatabdi Chikitsalaya, Jayant under CSR (Corporate Social Responsibility). NCL constructs School building On the occasion, Director (Finance and Personnel) NCL, Mr. Nag Nath Thakur, local MLA Mr. Ram under its CSR initiative Lallu Vaishya, GM (Personnel) Mr. Charles Juster, With a motive to provide quality educational GM (CSR) Mr. Atmeshwar Pathak, Chief of Medical infrastructure, Northern Coalfields Limited Services Mr. S. K. Bhoval along with other employ- (NCL) has constructed a primary school building ees and beneficiaries remained present in the event. at Village Misira under its CSR initiative. General Addressing the gathering Mr. N. N. Thakur said Manager of the company’s Krishnasila Project that it is a matter of pride for NCL, who has got the inaugurated the school building and assured all opportunity for this noble cause.

Kaleidoscope March, 2020 49 50 KaleidOscope March, 2020 NHPC organizes Free Medical Camp

Dr. Krishna Kumar, Civil Surgeon, B. K. Civil Hospital Dr. Kamla Fartyal, CGM (Medical Services), Dr. Rakesh inaugurating the camp. Ranjan, Dr. Sushma Trivedi from NHPC and Dr. Vijay Malik, SMO, Rural Primary Health Centre, Kurali at the free medical camp organized by NHPC at Kurali village, Faridabad. NHPC organized a free medical camp at Pali village, Faridabad under its CSR-SD scheme. The camp was inaugurated by Dr. Krishna Kumar, Civil NHPC organized a free medical camp at Kurali vil- Surgeon, B.K. Civil Hospital. Dr. Kamla Fartyal, lage, Faridabad recently under its CSR-SD scheme. CGM (Medical Services), NHPC, Dr. Rakesh Dr. Kamla Fartyal, CGM (Medical Services), NHPC, Ranjan, Senior DCMO, NHPC, Dr.Ram Bhagat, Dr. Rakesh Ranjan, Senior DCMO, Dr. Sushma DCMO and Malaria In-charge, B.K. Civil Hospital, Trivedi, Senior DCMO and paramedical staff from Faridabad and Dr. Bina Rastogi from Pali PHC NHPC, Dr. Vijay Malik, SMO from Rural Primary alongwith NHPC paramedical staff and doctors Health Centre, Kurali and doctors from Fortis from Sarvodaya Hospital, Faridabad and Centre Escorts were present on the occasion. for Sight, Faridabad were also present during the camp. The camp was organized by NHPC in as- NHPC Free Medical Camp at Pali sociation with Civil Hospital, Health Department, Faridabad, Sarvodaya Hospital, Faridabad and Village, Faridabad Centre for Sight, Faridabad. SAIL Records Jump in Sales and Saleable Steel Production in 3rd Quarter

teel Authority of India Limited (SAIL) declared its performance results for the 3rd quarter of Financial Year 2019-20 (Q3 FY’20) Srecently. During the quarter, the Company reported a 5 percent growth in its top line over CPLY. Despite the reduction in prices, SAIL has been able to achieve higher revenue through its continual push towards higher volumes which saw production (3.9 MT) and sales (4.1 MT) grow by 3 percent and 26 percent over CPLY respectively. However, the reduction in prices, which has hurt the financial performance of all major domestic steel producers during the quarter, im- Mr. Anil Kumar Chaudhary pacted the profitability of SAIL as well with the Company posting a Chairman, SAIL net loss of Rs 429.62 cr. in Q3 FY’20.

Kaleidoscope March, 2020 51 52 KaleidOscope March, 2020 Defence Minister Inaugurates HAL’s LCH Production Hangar

Evinces interest in HAL’s new offering: Indian Multi Role Helicopter (IMRH)

efence Minister Mr. Rajnath Singh inau- Dgurated the new LCH Production Hangar at Helicopter Division in the presence of HAL CMD Mr. R. Madhavan and other senior officials. LCH is complete- ly ready for operational induction and Helicopter Complex is fully geared up for the production of LCH, said Mr. R. Madhavan CMD, HAL. The new production hangar will augment the LCH Mr. Rajnath Singh, Defence Minister inaugurating the new LCH Production Hangar at Helicopter Division in the presence of Mr. R. Madhavan CMD, HAL and production capacity to reach a other offcials of the company. peak production of 30 helicopters per year, added Mr. GVS Bhaskar, for 15 Limited Series Production 2018 and the order is awaited. CEO, Helicopter Complex. The (LSP) helicopters has already The total projected requirement techno Commercial Proposal been submitted by HAL in March is for around 160 helicopters.

Inauguration of Crèche facility at AAI

AI Kidzania, the crèche and hygiene related needs of the facility has been cre- children but also to make the pro- Aated at New Air Traffic longed stay of the children, more Services Complex of Airports interesting and comfortable. M/s Authority of India for the children Footprints Childcare Private of age group 6 months to 6 years Limited will manage this crèche of AAI Employees working in on behalf of AAI. Delhi Air Traffic Services (DATS), Kidzania was inaugurated recent- New Air Traffic Services (NATS) ly by Mr. Vineet Gulati, Member and Regional Headquarter (Nor- (ANS) and Ms. Anita Gulati , thern Region). Ms. Anita Gulati, Vice President, Vice President, Kalyanmayee in Kalyanmayee and Mr. Vineet Gulati, This Kidzania which is first of the presence of Mr.M.N.N. Rao, Member (ANS) inaugurating Kidzania in the presence of Mr. M. N. N. Rao, its kind in AAI has all the facili- Regional Executive Director Regional Executive Director (Northern ties and amenities. It will cater (Northern Region) and other se- Region) and other senior officers of AAI. not only the physical, emotional nior officers of AAI.

Kaleidoscope March, 2020 53 54 KaleidOscope March, 2020 PSEs Ink MoU AAI signs concession An International competitive bidding process for PPP transaction for six airports (viz. Ahme- agreements for Ahmedabad, dabad, Lucknow, Mangaluru Guwahati, Jaipur Lucknow and Mangaluru and Thiruvananthapuram,) was initiated by AAI during December 2018 and Adani Enterprises Airports Limited emerged highest bidder for these airports. During July 2019, the Central Government conveyed the approval for award of concession to the Highest Bidder for Ahmedabad, Lucknow and Mangaluru airports. In respect of remaining three airports, the approval of the Central Government is awaited. The concessionaires shall pay AAI a per passenger domestic fee of Rs.177.00, Rs.171.00 and Rs.115.00 for Ahmedabad, Lucknow and Mangaluru Airports respectively (both embarking and disembarking passengers) and in case of international passengers, the Concessionaire will pay two times of per passenger domestic fee. Further, the per passenger fee Mr. Arvind Singh, Chairman, AAI during signing of three will be revised annually taking into account of the concession agreements for Operations, Management variation in the CPI (IW). and Development of Ahmedabad, Lucknow and Mangaluru airports by Mr. B. K. Mehrotra, ED, Strategic The concession fee that AAI would receive will be Initiative Unit on behalf of AAI and Mr. Behnad Zandi, CEO, utilized for the maintenance and development of Adani Enterprise Ltd other brown field airports and also development of RCS –UDAN and other Greenfield airports across Airports Authority of India signed three Concession the country. Agreements for Operations, Management and Development of Ahmedabad, Lucknow and Mangaluru airports through PPP mode with BEL signs Collaboration and the Concessionaires i.e. Adani Ahmedabad International Airport Ltd, Adani Lucknow Marketing Agreement with JSR International Airport Ltd and Adani Mangaluru Dynamics International Airport Ltd respectively. The agreements were signed by Mr. B. K. Mehrotra, ED, Bharat Electronics Ltd (BEL) has signed a Strategic Initiative Unit on behalf of AAI and Mr. Collaboration and Marketing Agreement with JSR Behnad Zandi, CEO, Airports Adani Enterprise Ltd. Dynamics Pvt Ltd (JSR), a Nagpur-based Start-up at Corporate Headquarters of AAI in the presence company. The agreement aims at leveraging the of Chairman, AAI, Board Members and other senior individual design and manufacturing capabilities officials of AAI and Adani Enterprises Ltd. of BEL and JSR to develop Glide Bombs, Range Extension Kit and Light Weight Cruise Missile, The concessionaires are required to take over the which have business potential in both the domestic Ahmedabad, Lucknow and Mangaluru airports af- and international market. ter fulfilling certain conditions precedents within 180 days and will operate, manage and develop the Mrs. Anandi Ramalingam, Director (Marketing), airports for next 50 years, in accordance with the BEL, and Air Marshal Shirish Deo (Retd), MD, JSR terms and conditions specified in the Concession Dynamics Pvt Ltd, signed the agreement on behalf Agreements of BEL and JSR.

Kaleidoscope March, 2020 55 56 KaleidOscope March, 2020 Lockheed Martin and BEL to explore opportunities in F-21 fighter programme; Lockheed Martin strengthens commitment to India Lockheed Martin (NYSE: LMT) has signed a memorandum of understanding (MoU) with Bharat Electronics Limited (BEL) to explore industrial Dr. Nalin Shinghal, CMD, BHEL and Mr. Alexander A. opportunities in the F-21 programme. Lockheed Mikheev DG, Rosoboronexport after signing the MoU. Martin is strengthening and growing its partnership with the Indian industry to support the com- Industrial conference held in Lucknow. The aim of pany’s F-21 proposal for the Indian Air Force. the MoU is to cooperate and undertake joint proj- “We are excited to begin exploring F-21 opportu- ects and operations for Defence Systems. This will nities with BEL, one of India’s leading aerospace help in leveraging BHEL’s strength/capabilities and defence companies,” said Dr Vivek Lall, Vice in the Defence Sector in association with Russian President of Strategy and Business Development, OEMs under the ‘Make in India’ initiative and of- Lockheed Martin Aeronautics. “An F-21 partner- fer indigenous support and solutions to the Indian ship with India integrates Indian industry, includ- Defence Forces. ing BEL, into the world’s largest and most successful fighter aircraft ecosystem and demonstrates Lockheed Martin’s commitment to India.” ITDC signs MoU with Mrs Anandi Ramalingam, Director (Marketing), Government of Gujarat BEL, said: “We are happy to collaborate with India Tourism Development Corporation (ITDC) Lockheed Martin which is a global major in the Ltd. in an attempt to further enhance tourism aerospace sector. We are eagerly looking forward growth in India signed an MoU recently for provid- to cash in on this co-operation to address domestic ing consultancy services for innovative/decorative and international market needs in this sector.” lighting and illumination of important monuments and sound and light show at important places in BEL signs MoU with CSIR-NAL Gujarat State. Bharat Electronics Ltd (BEL) has signed a The MOU was signed by Mr. G Kamala Vardhana Memorandum of Understanding (MoU) with CSIR- Rao, CMD, ITDC, Mr. Jenu Devan, Commissioner of NAL for co-operation in the field of Avionics and Tourism and MD, Tourism Corporation of Gujarat establishing infrastructure for Composite manufac- (Govt. of Gujarat) in the presence of Union Minister turing. BEL is jointly working with CSIR-NAL in developing Avionics Suite for civilian aircraft SARAS and HANSA. The Avionics Suite includes Smart Displays, Flight Control Computer, Communication Suite, Surveillance System based on Millimetre Wave Radar, Multi-Function Displays, NAVCOM System, etc.

BHEL signs MoU with Rosoboronexport, Russia

Bharat Heavy Electricals Limited (BHEL) signed an Mr. G. Kamala Vardhana Rao, CMD, ITDC and Mr. Jenu Devan, MoU with Joint Stock Company ‘Rosoboronexport’, Commissioner of Tourism and MD, Tourism Corporation of Russia during the 5th India Russia Military Gujarat ( Govt. of Gujarat) after signing the MoU.

Kaleidoscope March, 2020 57 58 KaleidOscope March, 2020 of State for Tourism Mr. Prahlad Singh Patel, Chief of Continuous Ambient Air Quality Monitoring Minister, Gujarat Mr. Vijay Rupani , senior officials Stations (CAAQMS). NTPC will provide finan- from Gujarat Tourism department & Ministry of cial support of Rs. 80 crores for installation of 25 Tourism. CAAQMS across 6 States and 3 Union Territories. The CAAQMS will be installed in Gwalior (Madhya Pradesh), Ranchi (Jharkhand), Patna (Bihar), NSIC signs MoU with MMTC Varanasi, Lucknow, Kanpur and Allahabad (all in Uttar Pradesh), Pimpri – Chinchwad (Maharashtra) and Madurai (Tamil Nadu). Along with these cities, CAAQMS will also be installed in Andaman & Nicobar Islands, Dadar & Nagar Haveli and Daman & Diu (Port Blair, Silvassa and Daman).

PowerGrid Signs MoU With Kendriya Sainik Board

Mr. Paramjeet Singh, Senior GM, NSIC and Mr. Khushinder Nath, GM, MMTC signing the MoU.

NSIC signed MoU with MMTC for supply of Imported Non-Ferrous Metals to MSMEs through NSIC. Mr. Ved Prakash, the then CMD, MMTC, Mr. Ashwani Sondhi, Director MMTC and Mr. P. Udayakumar, Director (P&M), NSIC were present on the occasion. The MoU was signed by Mr. Paramjeet Singh, Senior General Manager, NSIC with Mr. Khushinder Nath, General Manager, MMTC.

Mr. V. K. Singh, Director (Personnel), Powergrid and Brig. NTPC to Provide Financial Mrigendra Kumar, SM, Secretary, Kendriya Sainik Board Support for Monitoring Air after signing the MoU.

Quality Power Grid Corporation of India Limited (POWER- NTPC Ltd signed an agreement with Central GRID) and the ‘Central Transmission Utility (CTU)’ Pollution Control Board (CPCB) to provide finan- of the country, signed an MoU with Kendriya Sainik cial support for installation and commissioning Board (KSB), a nodal organization of the Ministry of Defence, recently, for contribution to Armed Forces Flag Day Fund (AFFDF) with the objective of Education Grant for Children of Ex-Servicemen, Martyrs and their widows, under its CSR initiative. The MoU for Rs 15 Crore was signed by Mr.V.K.Singh, Director (Personnel), POWERGRID and Brig. Mrigendra Kumar, SM, Secretary, Kendriya Sainik Board in presence of Senior officials from both the organisations.

POWERGRID Signs MoU with National NTPC and CPCB officials exchanging documents after Foundation for Communal Harmony (NFCH) signing Agreement. PowerGrid Corporation of India Ltd. Contd... from 62

Kaleidoscope March, 2020 59 60 KaleidOscope March, 2020 Union Minister of Steel Visits Bhilai Steel Plant, Begins Heating Process of 3rd Convertor at SMS3

r. Dharmendra Prad- highest ever production of han, Union Minister of rails in current fiscal year and ex- MPetroleum & Natural horted senior officials to draw a Gas and Steel visited SAIL’s detailed action plan for enhanc- Bhilai Steel Plant (BSP) on his ing production, efficiency and en- maiden visit. During his visit, suring a zero accident paradigm. Mr. Pradhan witnessed the be- Mr. Pradhan also interacted with ginning of the heating process of the representatives of MSMEs the 3rd Convertor at the modern- in and around Bhilai, worker’s ized SMS-3. unions and officers association. The Minister was accompanied During his interaction with the in his visit by Chairman SAIL, senior management of SAIL-BSP, Mr.Anil Kumar Chaudhary, Mr. Dharmendra Pradhan, Union Mr. Pradhan congratulated the Directors and other senior offi- Minister of Petroleum & Natural Gas Bhilai Collective for achieving cials of SAIL. and Steel at Bhilai Steel Plant, SAIL

NRL Commences Supply of BS VI grade of Automotive Fuel

umaligarh Refinery Lim- BS-VI specification of petrol which sulphur limit of 10 PPM. While ited (NRL) has started has also been commissioned dur- the country will leapfrog from the Nsupplying Bharat Stage ing January 2020. Further, the current BS-IV grade fuel to BS-VI, (BS) VI grade of Motor Spirit Refinery which has embarked on which have emission standards (Petrol) and High Speed Diesel a massive expansion plan from 3 equivalent to Euro-VI fuel from (Diesel) from its refinery. MMTPA to 9 MMTPA has been April 1, 2020, NRL has begun sup- NRL had commissioned a Diesel configured to produce BS VI plying the ultra-clean fuel to the Hydro Treater (DHDT) plant dur- compliant fuels from its new fa- market ahead of schedule so that ing 2018 with a project cost of cilities. As compared to the pres- oil marketing companies taking around Rs 1,000 Cr.. This plant is ent specification of BS IV grade of supply from NRL can upgrade capable of producing BS-VI grade automotive fuel used in the coun- their inventory of automotive fuel of Diesel. Recently, NRL invested try with a sulphur specification – Petrol and Diesel, in their retail around Rs. 125 Cr. for revamp- of 50 PPM, BS VI grade of auto- outlets and terminals well ahead ing its Motor Spirit plant to meet motive fuel has a much stringent of the timeline.

Kaleidoscope March, 2020 61 Contd... from 59 (POWERGRID), signed MoU with National Foundation for Communal Harmony (NFCH), an Autonomous Organization under Ministry of Home Affairs, Govt. of India recently, for providing assis- tance for the rehabilitation of child victims of communal, caste, ethnic or terrorist violence, with special reference to their care, education and training besides promoting communal harmony, fraternity and national integration in Assam, Manipur and Chhattisgarh under its CSR initiative. The MoU for Rs.2.1 Crore was signed by Mr. M. K. Singh, CGM (CSR), POWERGRID and Mr. Ravi Shankar Mr. M. K. Singh, CGM (CSR), POWERGRID and Mr. Ravi Tripathi, DDO, NFCH in the presence of Mr. V. Shankar Tripathi, DDO, NFCH after signing the MoU in the presence of Mr. V. K. Singh, Director (Personnel) K. Singh, Director (Personnel) POWERGRID, Mr. POWERGRID, Mr. Manoj Pant, Secretary, NFCH and senior Manoj Pant, Secretary, NFCH and senior officials officials from both the organisations. from both the organisations.

NCL Observes National Productivity Day

Mr. Anurag Kumar, GM, Industrial Engineering Department, Singrauli administering productivity pledge to the employees.

orthern Coalfields Limi- be planned and achieved. In an company took a pledge to en- ted (NCL) kick started inaugural ceremony at the com- sure the growth of production N'National Productivity pany’s headquarters in Singrauli, and productivity with safety Week' on the occasion of National General Manager of Industrial at the workplace. They also Productivity Day recently. NCL Engineering Depart-ment Mr. pledged to encourage their co- observed National Productivity Anurag Kumar, GM(IED) NCL workers for the growth of the Week recently aimed to create unfurled the flag and adminis- company, the living standard of awareness about productivity so tered the productivity pledge to the society and the prosperity of that maximum output with opti- the employees. On this oc- the nation. mum utilization of resources can casion, the employees of the

62 KaleidOscope March, 2020 PERSONALIA

Mr. Manoj Jain Vice Admiral Mr. Surinder Kumar Gupta Mr. Abhey Kumar Singh assumes charge as Narayan Prasad takes over as takes over as CMD CMD AVSM, NM, IN(Retd) takes CMD of MSTC Ltd. NHPC. GAIL (India) Ltd. over as CMD, MDL

Mr. Sanjeev Razdan Mr. Bhanu Pratap Yadav Mrs. H. K. Joshi Mr. A.K. Mehera takes over as CMD assumes Additional takes over as CMD of assumes charge of Pawan Hans Ltd. Charge of CMD, Shipping corporation of Deputy Chairman, IREDA India Ltd. Cochin Port Trust.

Mr. Amit Sen Mr. Anirban Dasgupta Mr. K. V. Bhaskara Mr. S. N. Tiwary Mr. Alok Verma takes over as takes charge as Reddy takes over as assumes charge Director the Director assumes charge as Director (Marketing) of as Director (HR) (Finance) SAIL. (Projects & Business Director (Production & Coal India Ltd. HAL. Planning), SAIL. Projects) KIOCL Ltd.

Mr. Jaikumar Mr. Amitabh Bhatt Mr.Vinod Kumar Singh Mr. Rajesh Prasad Mr. P. C. Singh Srinivasan takes over as CEO, assumes the charge of takes over as Director GM (HR&Admn.), HIL assumes charge as HAL’s Bangalore Director (Personnel), (Operation) of Rail Vikas (India) Ltd. is oppointed Director (Finance) of Complex. POWERGRID. Nigam Ltd. Part-Time CVO of the NLC India Ltd. company

Kaleidoscope March, 2020 63 Participation by REIL in 48th Dairy Industry Conference

company’s initiative regarding REIL. During the Conference, availability of products on GeM Managing Director, Dr. A.K. Jain portal encouraging transparent chaired a technical session on procurement practices. Dr. A.K. “Enhancing Investment & Income Jain also emphasized for deploy- for Dairy Enterprises Role of ment of low cost solution for de- Policies and Finance". He empha- tection of yeast Mastitis “Somatic sized on the technology to com- Cell Counter” to be available dis- bat milk adulteration and early ease free milk for the consumers. detection of Animal Diseases and testing of entire milk whether Dr. A. K. Jain, MD, REIL briefing Dr. Ms. Caroline Emond, Director through organized or unorga- Sanjeev Balyan, Minister of State, General, International Dairy Ministry of Animal Husbandry and nized sector before its consump- Dairying & Mr. Atul Chaturvedi, Federation, Mr. Shamim Uddin, tion. He further focused on the Secretary , DAHD and other dignitaries IAS, MD MPCDF, Milk Union promotion of startups by the at the event. Officials and Board of Directors State Cooperatives and Private from various milk unions also vis- Corporates. He urged startup ited REIL during conference days EIL participated in 48th companies to work ethically with and appreciated the support pro- Dairy Industry Confere- long-term objectives. While high- vided by REIL for maintaining the nce at Birla Auditorium lighting these key mantras he also R quality of milk to the consumers. stressed upon IoT, Big data and Jaipur. The theme of REIL in They appreciated the innovations conference was an innovative ap- Artificial Intelligence to be taken being made in the areas of Dairy, in a big way to connect farmers proach towards purity & prosper- Solar Energy and e-Mobility by with urbanized India. ity in line with Company's product range and experience. Dr. Sanjeev Balyan, Minister of State, Ministry of Animal Husbandry NHPC Achieves Highest Ever Generation and Dairying, Government of India & Mr. Atul Chaturvedi, of 24209 MUs since its Inception Secretary, DAHD, Government of India inaugurated REIL's stall and dignitaries were briefed HPC Ltd. achieved thus, surpassed its previous year about displayed product range its highest ever gen- (FY 2018-19) generation of 24193 by Managing Director, REIL, Dr. Neration by generat- MUs. This is the highest ever gen- A.K. Jain. MoS appreciated the ing 24209 Million Units (MUs) eration by NHPC since its incor- work done by REIL in the field (upto 23.02.2020) in the cur- poration in November 1975. of rural development and way rent year 2019-2020. NHPC has forward towards doubling farmers’ income. MD, REIL apprised them about the new setup for Electronic milk analyzer manufacturing line at REIL premises in accordance with Government’s "Make in India" Mission and

64 KaleidOscope March, 2020 ITDC hosts CVOs Conference

ndia Tourism Development A lecture was delivered by Mr. Corporation (ITDC), hosted Amit Kumar, Jt. Director (Policy), IVigilance Study Circle NCR CBI on “Coordination between meet at The Ashok Hotel, New CBI & Vigilance Division and Delhi recently . The meet was at- new prevention of Corruption tended by Chief Vigilance Officers Act-2018”. The conference pro- from various organisations of vided a platform to CVOs and PSUs/autonomous bodies. other participants to discuss sev- The meeting was chaired by eral issues related to vigilance Ms. Suchitra Sharma, CVO across sectors and divisions, best (GAIL) and the event was at- practices being followed by or- tended by the Chief Vigilance ganisations and coordination be- Officers of various organisa- tween CBI and CVO of various Mr. G. Kamala Vardhana Rao, CMD, ITDC addressing the Conference. tions. The event was attended by organisations. Chairman & Managing Director ITDC organizes meet with Travel areas to strengthen its business (C&MD), Director (Commercial & Trade officials and for the overall development & Marketing), Director (Finance) of the tourism sector, ITDC or- “In order to discuss various and other senior officials of ITDC. ganised a meeting with key travel and trade officials from IATO, ADTOI, ICBP, FAITH, ITTA, TAAI etc and other renowned tour operators and travel agents. The meeting was chaired by ITDC CMD, Mr. G Kamala Vardhana Rao and was also attended by Mr Piyush Tiwari, Director (C&M), Mr Rajiv Anand, GM (Corporate Marketing & Sales) and other senior officials of ITDC. The meeting witnessed exchange of ideas Mr. G. Kamala Vardhana Rao, CMD, ITDC addressing the key travel and trade and relevant feedback along with officials. the way forward plan.”

REC’s Senior Unsecured Note rated ‘Baa3’ and ‘BBB-‘ by Moody’s & Fitch

itch Ratings has assigned will be issued from REC's exist- by the Reserve Bank of India India-based REC Limited's ing USD 7 billion global medium- and the guidelines for External Fproposed senior unsecured term note programme (GMTN). Commercial Borrowings. The note rating of 'BBB-/Stable' and The net proceeds will be used for current aggregate amount of Moody’s has assigned a rating financing power projects in accor- bonds issued under the GMTN of ‘Baa3’ on the same. The notes dance with the approvals granted programme is USD 3 billion.

Kaleidoscope March, 2020 65 NRL Centre of Excellence for Sustainable Materials at IIT, Guwahati

RL has tied up with Indian Institute of Technology Guwahati N(IITG) to set up ‘NRL Centre of Excellence (CoE) for Sustainable Materials’ in the IITG campus with an objective to develop Sustainable / Bio-degradable materials from oil and bio refinery streams. NRL Centre of Excellence ( CoE) for Sustainable Materials was inaugurated by Dr. Ramesh Pokhriyal, Minister of Human Resource Development, at IIT Guwahati in Dr. Ramesh Pokhriyal, Minister of HRD, inaugurating NRL Centre of the presence of Prof. T G Sitharam, Director Excellence(CoE) for Sustainable Materials in the presence of Prof. T. IIT Guwahati and Mr. S K Barua, Managing G. Sitharam, Director IIT Guwahati and Mr. S. K. Barua, MD, NRL. Director, NRL.

Power Minister at the NTPC O&M-IPS 2020

We have already added 26.6 million new consumers and they will also contribute to the increase in demand. Currently, renewable power accounts for 10 percent of generated power and this percentage will only increase in the coming years, said Mr. R. K. Singh, Minister of State with Independent Charge for Power and New & Renewable Energy, while inaugurating the 9th edition of NTPC O&M - India Power Station (IPS) 2020 conference at Pandit Deen Dayal Upadhyay auditorium in Raipur. Mr. Vivek Kumar Dewangan, Joint Secretary (Thermal), Mr. Mr. R. K. Singh, Union Power Miniters and other Senior Prakash Mhaske, Chairperson Central Electrical dignitarie from the Ministry of Power, CEA and NTPC during Authority (CEA), Mr. Gurdeep Singh, CMD NTPC, the NTPC O&M-IPS 2020 Conference in Raipur. Mr. Saptarshi Roy, Director (HR), Mr. A. K. Gupta, Director (Commercial), Mr. Prakash Tiwari, Director (Operations) and Mr. A. K. Gautam, he demand for power will continue to Director (Finance), senior officials of Chhattisgarh grow at a rapid pace going forward, Government and other NTPC Senior Officials were Tthanks to rising per capita consumption. present at the conference.

66 KaleidOscope March, 2020 ITDC posts Rs. 10.23 Cr profit in 3rd Quarter for the year 2019-20

ndia Tourism Development 108.13 cr and the company regis- details were announced in the Corporation (ITDC) Ltd. post- tered Profit before Tax (PBT) at Rs. Board of Directors' meeting of the ed a noteworthy performance 22.44 cr as compared to Rs. 12.02 company at the Group's flagship I rd in the 3 quarter for financial year cr in the corresponding quarter hotel, The Ashok, New Delhi. The 2019-20 with Rs. 10.23 Cr as profit. last year i.e. 2018-19. An increase major contributor to the total rev- The total turnover in third-quarter of 10.42 cr as compared to the last enue to the corporation was the ending December 2019 stood at Rs. financial year was registered. The hotel division.

GRSE Delivers the 4th Anti - Submarine Warfare Corvette, Yard 3020 (Kavaratti)

arden Reach Shipbuilders Officer (Desig) of the ship, in the The P 28 Class of ships strength- and Engineers Ltd., presence of Cmde. DK Goswami, ens the Indian Defence System G(GRSE) delivered Yard CEO, Chairman, D448 Eastern and is the shining Armor in the 3020 (Kavaratti), to the Indian Naval Command, Mr. S. S. Dogra, “Make in India” programme. Navy recently. The ship is the Director (Finance), Cmde. Sanjeev GRSE currently has a strong order 104th Warship built and deliv- Nayyar, IN (Retd), Director book position of over Rs 27,000 ered by GRSE since its incep- (Shipbuilding) and Cmde. P. cr. under which there are a total tion in 1960 and is the Last in the R. Hari, IN (Retd), Director of 18 warships at various stages Series of four Anti-Submarine (Personnel) and other senior of- of construction. GRSE touched a Warfare Corvettes (ASWC) under ficials of Indian Navy and GRSE. key milestone with the delivery of the Project 28. “Kavaratti” was The first three ships of the series, six warships in 12 months. GRSE handed over by Rear Admiral VK INS Kamorta, INS Kadmatt and continues to sail on a growth Saxena, IN (Retd.), Chairman & INS Kiltan were delivered earlier trajectory with incorporation Managing Director, GRSE to Cdr. and now form an integral part of of latest technologies (Artificial Sandeep Singh, Commanding Eastern Fleet of the Indian Navy. Intelligence, Machine Learning and Data Analytics) in various areas of operations to improve internal efficiencies & profit margins.

INS Kavaratti

Kaleidoscope March, 2020 67 Awards & Accolades to PSEs World HRD Congress Confers Justice (Retd) Mr. Swatanter Kumar gave away the award and Mr. Neelesh Shah, Director (Projects) re- ‘Sustainable HR Leadership ceived the award on behalf of the company. Other Award’ to, Director (HR), ITI Former Judges and Bureaucrats were also present on the occasion.

NHPC conferred CBIP Award 2020 for ‘Outstanding performing utility in Hydro Power Sector’

Mr. Shashi Prakash Gupta, Director (HR), ITI Limited receiving the award.

‘Sustainable HR Leadership Award’ was conferred to Mr. Shashi Prakash Gupta, Director (HR), ITI Limited by World HRD Congress. The award ceremony was held at Taj Lands End, Mumbai.

NBCC Conferred Global Safety Mr. Ratish Kumar, Actg. CMD and Director (Projects) alongwith Mr. M. K. Mittal, Director (Finance) and Mr. Award 2020 Janardan Choudhary, Director (Technical), receiving the NBCC was conferred the “Global Safety Award CBIP Award 2020 for ‘Outstanding performing utility in 2020” by Energy and Environment Foundation at hydro power sector’ from Mr. Rattan Lal Kataria, Minister of State, Ministry of Jal Shakti. its Global Excellence Awards Event held in New Delhi. The award was given for outstanding contri- NHPC Ltd. has been conferred the CBIP Award 2020 bution towards practising excellent workplace cul- for ‘Outstanding performing utility in hydro power ture in Health & Safety by evolving Safe Work prac- sector’. Mr. Ratish Kumar, Actg. Director (Projects) tices at the Central Information Commission (CIC) NHPC alongwith Mr. M. K. Mittal, Director Office Building, New Delhi, constructed by NBCC. (Finance), NHPC and Mr. Janardan Choudhary, Director (Technical), NHPC received the award from Mr. Rattan Lal Kataria, Minister of State, Ministry of Jal Shakti, at a function held at New Delhi.

Nrdc Bags Governance Now Psu Award for Investment in Start-up National Research Development Corporation (NRDC) has been awarded the Governance Mr. Neelesh Shah, Director (Projects) NBCC receiving the Now PSU Award under the category Investment award from Justice (Retd) Mr. Swatanter Kumar. in Start-ups at a function in New Delhi. The Award

68 KaleidOKaleidOscope March, 2020 Mr. Rattan Lal Kataria, Minister of State, Ministry of Jal Shakti presented the award to Mr. Prakash Tiwari, Director (Operations). Mr. Prakash Mhaske, Chairperson Central Electrical Authority (CEA), Mr. R. K. Jain, Chairman, Central Water Commission and Mr. V. K. Kajaria, Secretary, CBIP were present on the occasion.

NTPC awarded as India's Mr. Arjun Ram Meghwal, Minister of State for Heavy Best Workplaces in Industries, Public Enterprises and Parliamentary Affairs presenting the award to Dr. H. Purushotham, CMD, NRDC. Manufacturing 2020 was received by CMD, Dr. H. Purushotham, Dr. Naresh Kumar, Sr. Manager (Corporate Communication) and other NRDC officials from Mr. Arjun Ram Meghwal, Minister of State for Heavy Industries, Public Enterprises and Parliamentary Affairs, and Mr. Sailesh Lodha, a famous TV Actor.

NTPC Bags CBIP 2020 Award for its Outstanding Contribution to Mr. A. N. Verma, ED (HR), NTPC receiving the award along the Power Sector with Mr. C. V. Anand, RED (WR-I & SR), NTPC NTPC Ltd, India’s largest power generation company has bagged the recognition from Central Board NTPC has been awarded India's Best Workplaces of Irrigation and Power (CBIP) 2020 award for in Manufacturing 2020 -Top 30, award in Mumbai. outstanding performing utility in Thermal Power Mr. A. N.Verma, ED (HR) received the award along Sector. The award recognises NTPC’s outstanding with Mr. C. V. Anand, RED (WR-I & SR). contribution to the Nation by setting new bench- marks in Generation and Maintenance practices, excellence in Engineering and use of latest State-of- CMD, PFC receives the-art technologies and Smart Solutions. CBIP Award for Outstanding Contribution to Power Sector Mr. Rajeev Sharma, CMD, PFC has been conferred the “CBIP Award 2020 for Outstanding

Mr. Rattan Lal Kataria, Minister of State, Ministry of Jal Shakti presenting the award to Mr. Prakash Tiwari, Director (Operations), NTPC. Mr. Prakash Mhaske, Chairperson Central Electrical Authority (CEA), Mr. R. K. Jain, Chairman, Central Water Commission and Mr. V. K. Kajaria, Secretary, Mr. Rattan Lal Kataria, Minister of State for Jal Shakti, giving CBIP can also be seen. the award to Mr. Rajeev Sharma, CMD, PFC.

Kaleidoscope March, 2020 69 Contribution in Growth & Development of Indian Power Sector”. Mr. Sharma received this award from Mr. Rattan Lal Kataria, Minister of State for Jal Shakti. Other dignitaries present on this occasion were Mr. V. K. Kanjlia, Secretary, CBIP, Mr. P.S. Mhaske, Chairperson, CEA and Mr. R. K. Jain, Chairman, Central Water Commission.

MD, REIL Awarded with "Individual Leadership Award" and REIL awarded "Best PSU Award" in Mr. Arjun Ram Meghwal, Minister of State for Heavy Industries, Public Enterprises and Parliamentary Affairs and "Research and Innovation, HR Mr. Shailesh Lodha, Actor presenting the award to Dr. A. K. Excellence, CSR Category" Jain MD, REIL. Dr. A. K. Jain, MD, REIL was awarded the Heavy Industries and Public Enterprises, Mr. "Individual Leadership Award" and the Company Arjun Ram Meghwal and noted actor and poet Mr. with the "Best PSU Award" in the Research and Shailesh Lodha in the presence of other dignitaries Innovation, HR Excellence, CSR category. The at the 7th Governance Now Best PSU Awards cer- awards were presented by Minister of State for emony held in New Delhi.

Union Minister of Coal and Mines lays foundation stone of Crusher and Conveyor System at NALCO nion Minister of Coal and Mines, Mr.Pralhad Joshi Ulaid the foundation stone of Crusher and Conveyor System at NALCO’s Mining & Refinery (M&R) Complex in Damanjodi, Odisha. The System will cater to feed bauxite for the 5th stream of Alumina Refinery of the company. The project is expected to be completed by April, 2022 and would cost around Rs. 483 crs. Mr. Pralhad Joshi, Union Minister of Coal and Mines at Conveyor System of “We as a country aim to reach a NALCO’s Mining & Refinery (M&R) Complex in Damanjodi, Odisha alongwith Senior officials of the Company. $5 trillion economy by 2024 and I am sure NALCO will be a success of coal and 34 percent of iron ore the benefit of the country as well story in this growth trajectory.” resources of the country apart as the population residing in these Mr.Joshi said while interacting from 96 percent of Chromite areas.” He also appreciated the with employees of NALCO at and 44 percent of Manganese State Government for support- M&R Complex in Damanjodi af- resources, Mr. Joshi said “Our ing mining activities in the region ter laying the foundation stone. Government has taken a number and highlighted that it will help in Referring that Odisha has about of steps to unlock the mining po- boosting the economy and bring- 51 percent of bauxite, 25 percent tential of mineral rich States for ing development to the State.

70 KaleidOscope March, 2020 NBCC Implements RPL Programme at IIT-Delhi Project Site

BCC recently implemented the ‘Recognition of Prior Learning’ [RPL-4] programme in col- Nlaboration with CSDCI and CII at the IIT-Delhi project site of NBCC. The workers were felicitated with certificates given away to them by the Senior officers of NBCC. Officers from CII, and CSDCI were also present at the programme. Under Skill India Mission of Government of India, NBCC has been implementing RPL programmes at various project sites across the country with a purpose to promote skill development and discover uncertified talented workforce in construction sector. RINL Celebrates 38th Foundation Day CMD, RINL Unveils Mahatma Gandhi Statue

8th RINL Formation Day Mr. Rath and other dignitaries Vidyasagar, ED (Works) I/c, Mr. was celebrated with enthu- paid floral tributes to Mahatma Debaish Ray, ED (Personnel & 3siasm in Ukkunagaram Mr. on the occasion. The Gandhi IR), senior officials, large number Dhar-mendra Pradhan, Union Statue sculptured and cast with of union representatives offered Minister of Petroleum, Natural in-house talent, is going to be floral tributes to the Father of the Gas and Minister of Steel congrat- a main attraction to the Admn Nation on the occasion. The 38th ulated RINL collective on the oc- Building with the backdrop of RINL Formation Day celebra- casion of 38th Formation Day for a 100 feet High Mast National tions started with a Vizag Steel its contribution towards Nation Flag. The Statue weighing with Walkathon by Ms PV Singhu, Building and asked RINL collec- around four tons is the first of its Vizag Steel Brand Ambassador tive to continue to contribute for kind made with cast iron. Mr. K. at the Beach Road. A Steel national cause. He asked to mark C. Das, Director (Personnel), Mr. Pavilion was also inaugurated this moment by rededicating for K. K. Ghosh, Director (Projects), by Mr. P. K. Rath, CMD, RINL in improving every possible aspect Mr. A. K. Saxena, Director Ukkunagaram. of efficiency in steel making in (Operations), Mr. Irphan Ahmed, RINL banking on professional Commandant, CISF, Mr. K. approach by identifying all opportunities to improve the efficiency to produce environmental friendly steel. Mr. P. K. Rath, CMD, RINL Mr. P. K. Rath, CMD, RINL-VSP unveiling the Mahatma Gandhi Statue unveiled the Mahatma Gandhi on the occasion of RINL Formation Day in Ukkunagaram. Statue in the front lawns of the RINL Directors are seen. Main Administration Building, to mark the RINL Formation Day, along with the Directors.

Kaleidoscope March, 2020 71