SHOWS YOU THE WAY!
12th Five Year Plan
De.Growth Industrial Dismal Performance causing concern
More sops sought for Himachal A Survey by CII
Investment Scenario for 2012 Leader of Tomorrow Award
Honour for Baddiâ€™s Entrepreneur
BBN Industries Association
Patrons PATRONS Mr. Sachit Jain Mr. R.K. Rewari Mr. N.K. Juneja Mr. Joginder Khanna Mr. A.R. Singh Mr. Amir Singh
Sachit Jain Patron
R.K. Rewari Patron
N.K. Juneja Patron
Joginder Khanna Patron
Amir Singh Patron
Atma Ram Singh Patron
EXECUTIVE COMMITTEE 2011-12 President Mr. Arun Rawat Advisor Mr. Deepak Bhandari Sr. Vice Presidents Mr. Vijay K. Arora Mr. C. N. Dhar
Arun Rawat President
Rajender Guleria Immediate Past President
Deepak Bhandari Advisor
Vijay K. Arora Sr. Vice President
C.N. Dhar Sr. Vice President
Sanjay Bhasin Vice President
Y.S. Guleria General Secretary
Ashwany Sharma Organising Secretary
H.C. Maheshwari Vice President
Ashok Agrahari Vice President
Shailesh Aggarwal Vice President
Vipin Gupta Secretary Finance
Rajiv Aggarwal Vice President
M.P. Sharma Vice President cum-Chairmen
Manohar Tegta Vice President cum-Chairmen
Rajesh Bansal Vice President cum-Chairmen
Mukesh Jain Vice President cum-Chairmen
Sumeet Sharma Vice President cum-Chairmen
Sanjay Khurana Secretary Media
Sandeep Verma Joint Secretary
A.K jain Joint Secretary
General Secretary Mr. Y.S Guleria Organizing Secretary Mr. Ashwany Sharma Vice Presidents Mr. H.C. Maheshwari Mr. Ashok Agrahari Mr. Shailesh Aggarwal Mr. Sanjay Bhasin Mr. Rajiv Aggarwal Vice-Presidents-cum-Chairmen Mr. M.P. Sharma Mr. Manohar Tegta Mr. Rajesh Bansal Mr. Mukesh Jain Mr. Sumeet Sharma Joint Secretaries Mr. A. K. Jain Mr. Sandeep Verma Secretary Finance Mr. Vipin Gupta Secretary Media Mr. Sanjay Khurana Legal Advisor Mr. Brajesh Saklani Advocate EXECUTIVE MEMBERS Mr. Agosh Gopalan Mrs. Bhavana Dogra Mr. Jagdeep Singh Mr. L.K. Sharma Mr. M.L. Sharma Mr. N.P. Kaushik Mr. Pardeep Sharma Mr. Rajesh Sood Ms. Poonam Sharma Mr. Ram Gopal Aggarwal Col. S.K. Tarnach Dr. S.K. Dixit Mr. Vishal Thakur Mr. Vinod Khanna Mr. Yogesh Thakur Mr. Manohar Tegta Mr. S.K. Thakur Maj. Sachan Kr. Saini Mr. Karun Kashmiri Mr. Anil Sharma Mr. Harish Sharma Mr. M.S. Rizvi Mr. Anmol Rattan Sharma Mr. Mahendra Tandon Mrs. Madhuri Bansal Mr. Vivek Sharma Mr. Amit Sharma Mr. Dinesh Jain
Committee Chairs PHARMA COMMITTEE Mr. Rajesh Bansal Mr. Sanjay Dhadwal Mr. S.D. Dixit.
TEXTILE COMMITTEE Mr. Vijay K. Arora Mr. S.K. Thakur
PACKAGING COMMITTEE Mr. Mukesh Jain, Convenor Mr. R. Kochhar
POWER COMMITTEE Mr. Shailesh Aggarwal Mr. Rajiv Aggarwal Mr. Anmol Rattan Sharma Mr. Puneet Passi
COMMITTEE ON MSME Mr. M.P. Sharma Mrs. Madhuri Bansal Mr. Karun Kashmiri Mr. N.P. Kaushik Mr. Vishal Thakur Mr. Rajesh Sood Mr. J.B. Goel
Functional Committee Convenors HR & CSR COMMITTEE Mr. Manohar Tegta Mr. Agosh Gopalan Ms. Poonam Sharma Mr. Chandan Dogra Mr. Pradeep Sharma Mr. L.K. Sharma Mr. Ajay Bhasin Mr. G.S. Mann TAXATION COMMITTEE Mr. Sumeet Sharma Mr. M.S. Rizvi Mr. P.C. Marwah Mr. Ashok Kumar Jain. TRANSPORT COMMITTEE Mr. Deepak Bhandari Mr. Vijay K. Arora
SAFETY & ENVIRONMENT COMMITTEE Mr. Ashok Agrahari Mr. Yash Pal Singh Mr. Neeraj Pathak INFRASTRUCTURE COMMITTEE Mr. C.N. Dhar Mr. Sanjay Bhasin Mr. Vipin Gupta Mr. Mahendera Tandon
PRINTING & PUBLICATION COMMITTEE Mr. Sanjay Khurana Mr. Sandeep Verma Ms. Poonam Sharma Mrs. Bhavana Dogra
FROM THE DESK OF THE EDITOR
December 2011 Published monthly by Baddi Barotiwala Nalagarh Industries Association (BBNIA)
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Published by Rajender Guleria, President, on behalf of BBN Industries Association (Regd) c/o Single Window Clearing Agency Industrial Area, Baddi 173 205 HP Phones: 01795-246495 . Mobile: 098160-46495 Email: email@example.com Copyright © 2011 Disha. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine Disclaimer: The data used in Disha from various published and electronically available primary and secondary sources. We have taken care to verify and cross-check the accuracy of such data. However, despite due diligence, the source data may contain occasional errors. In such instances, BBNIA is not responsible for such errors.
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Public Private Partnership in Northern India A recent analysis released by the CII on the subject of “Public Private Partnership in Northern India is based on the data from PPP india and from the Planning Commission. Interestingly, it says that that there are a total 748 PPP projects under implementation across the country. The northern region accounts for only 18.8 per cent. The analysis further confirms that there are 141 projects under different stages of implementation in the Northern States of J & K, Himachal Pradesh, Punjab, Haryana, Delhi, Uttar Pradesh, Uttrakhund and Rajasthan. The aggregate value of these projects is ` 80,544 crore. In term of numbers, maximum numbers are in Rajasthan (61), Punjab (34) Uttar Pradesh (18), Haryana (14), Delhi (12) and the balance in the states of H.P., Delhi, Uttrakhund and J & K. In value terms, despite lesser number of projects in PPP mode, Haryana has an investment of 14,564 crore and Delhi has 11,656 crore. The sectoral analysis of the PPP projects in North indicates, Road Sector (94), Urban Development (28), Energy Sector (7), Tourism and Education (4) each, Healthcare (3) and just one in airport project. The legal and institutional framework required for PPP modes have been created in Punjab, Rajasthan, Uttar Pradesh and Haryana. We have been talking about our achievements in taking up projects in the PPP mode and have shown pride in garnering substantial central investment and state governmental help for operation of projects under the PPP mode. Where are we in the national perspective? Have we failed because of lack of our efforts to take over Central help with the support of the State government, or the state has failed to co-operate or else our contribution required under the scheme could not be generated? This needs a serious thought, not only by the Association, or the State or the industrialists of this area, but also by the Central Government to work out reasons for indifference to central activity designed for benefit of the industry in a state and other residents of the area who can be benefited by infrastructure developments. Wake up because what we lose today may not be available tomorrow.
In this Issue 3 Think Tank: Let’s Unite to Voice Our Concerns! 4 COVER STORY: Industry de-growth Raises Concern! 6 Investment Plans for 2012 A Survey by CII 8 More sops for Himachal sought 9 Honour for Baddi’s Entrepreneur 10 Invitation to Exhibit abroad 11 Glenmark makes it a special day for children 12 BBNIA in Brief 14 Enjoy Life NOW... it has an expiry date ! 15 Health Supplements 16 Don’t Teach. Just Learn DISHA . December 2011 . 1
Prof. Prem Kumar Dhumal Honâ€™ble Chief Minister Himachal Pradesh
State Governmentâ€™s Commitment: Corruption free Governance
Letâ€™s Unite to Voice Our Concerns! We have been witnessing fast developments in recent days when the Central Government came up with a suggestion of Foreign Direct Investments (FDI) in retail segment and its outright rejection by many resulting in with holding of implementation of FDI for another day. What is of direct concern to me is the fact that our request to member industries to offer their reactions/ opinions on the subject of FDI failed to evince much response. I have been stressing the need for us to be proactive as our opinion in all issues concerning industry receives national attention. Needless to say that unless we voice our serious concern on policy matters that affect the industrial health in the State and elsewhere, our progress will not be able to keep pace with the changing global scenario of open economy. The industrial growth in India for the period ended October 2011 has been negative and is being attributed to the slowdown of industrial health globally mostly due to financial crunch and allied reasons discussed separately in this issue. Industry in Himachal Pradesh which is at a stage of coming out after availing incentives given to the State in the year 2003, is likely to feel the crunch a little too harsh unless the state government can help in easing out the situation on the lines of Uttranchal and/or the Central Government agrees to extend the benefits to us on lines allowed to North Eastern States and J & K. The necessity for extending the period of incentives further is also supported for the reason that with the global industrial slowdown and recent fall in the value of rupee in international market, value of imported plant and machinery has gone up exorbitantly because of which our industrialists could not go for expansion which is a pre-condition to availing benefits of incentives allowed in the State. I hope all of us keep ourselves alive to the problems that we may face soon in the near future and present a united stand to handle the same. Kindly do respond to our queries so that a consensus is reached as per the need of the hour.
Arun Rawat President BBNIA WRITE TO THE EDITOR. Please send your opinion, articles to Mr. Mahesh Bhasin firstname.lastname@example.org
DISHA . December 2011 . 3
COVER STORY ECONOMY
Industry de-growth Raises Concern! Industry has been consecutively posting dismal performance for last many months. The declining core infrastructural growth, high inflation scenario and continuous rise in key policy rates has adversely affected growth of Industry.
HD Research Bureau recently came up with an information compiled from CSO that speaks of an alarming concern on de-growth of Industry witnessed in recent months. The research has pointed out that growth in industry output, as measured in terms of IIP, for the month of Oct. 2010 was 11.3 per cent which fell down to 1.9 per cent in Sep 2011 and slided down further to an alarming level of minus 5.1 per cent in Oct 2011. The slowdown in industry growth in October 2011 as compared to October 2010 is mainly attributed to deceleration in mining (-7.2per cent), manufacturing (6 percent), intermediate goods (-4.7 per
cent), consumer non-durables (-1.3 per cent) and consumer durables (-0.8 percent) However, electricity posted a growth of 5.6 per cent. The major impediment has been the rise in its input costs including high borrowing costs, shooting energy costs and flaring up of manpower costs. The wholesale price index (WPI) inflation is still hovering around 15 per cent in fuel and power group, which is a key input for manufacturing from the industry point of view. The cumulative IIP growth during Apr-Oct 2011 over the corresponding period of 2010 in Manufacturing and Electricity have been at 3.7 per cent and
DISHA . December 2011 . 4
8.9 per cent respectively, while Mining posted a negative growth of - 2.2 per cent during the same period, which pushed the overall growth in the General Index to - 5.1 per cent. The growth of real GDP during Apr-Sep 2011 has been estimated at 7.3 per cent as compared to the 8.6 per cent growth in the corresponding period last year due to lackluster performance of the industry sector. These have culminated into high cost push inflation scenario in the sector, retarding its output. This can pose a major jolt to the Indian growth story, going forward resulting in economic slowdown which may be more severe than that in 2008.
The problem is more serious this time due to a number of domestic factors like the high rate of inflation, free fall of rupee, deteriorating balance of payments situation and rising deficit which were not there during 2008 slowdown. Shri Rajiv Malhotra. Chairman of the state chapter of CII, said that in addition to the above problems, situation has been further compounded by the ever increasing interest rates on loans and tight control now being exercised by the banks on industries who are defaulting in repayment of industrial loans advanced to them by the banks. In so far as the state of H.P. is concerned, while the entire industrial sector has been hit, the steel, consumer goods, textile and packaging industries have been worst affected with production declining by 10 to 15 per cent. The pharmaceutical sector which is prominent here in the BBN area is less affected but those engaged in contract manufacturing have been affected the most. Shri Arun Rawat, President, BBNIA opined that in addition to the other problems as stated by Shri Malhotra of CII, shortage of skilled manpower is resulting in less industrial production due to implementation of MNREGA. BBN, which is also considered as the textile hub is facing tough competition from m a n u fa c t u re r s i n S r i L a n ka a n d Bangladesh where labour was cheap and available in abundance. He maintained that if the slowdown continued, the industrial output in the state would come down by 15 to 20 per cent.
The problem is more serious this time due to a number of domestic factors like the high rate of inflation, free fall of rupee, deteriorating balance of payments situation and rising deficit which were not there during 2008 slowdown.
Shri C.N. Dhar, Vice-Chairman of the state chapter of CII said that the slackening of the demand for steel was a definite indication of slowdown. The weakening of the rupee should have resulted in higher exports, particularly in textiles but that was not happening because of the sliding economies in Europe and other parts of the world. Shortage in steel, its rising cost and lack of demand for steel was due to controversies surrounding the mining sector affecting the availability of iron ore. This opinion was expressed by Shri Sunil Aggarwal, Director of Kamdhenu Ispat, a leading steel products manufacturer. He said that increase in the cost of iron ore has led to increase in the cost of steel because of which the demand for steel had come down by 15 to 20 per cent thus reducing the margins substantially.
Recent trend in IIP growth (%) 14.0 12.0 12.0 8.0 6.0 4.0 2.0 0.0 -2.0
Source: PHD Research Bureau, compiled from CSO
DISHA . December 2011 . 5
Sep- Oct11 11
It is understood that in Uttrakhund, the government has offered 5 per cent interest subvention upto a maximum of Rs.5 lakh in backward areas and Rs. 3 lakh in less backward areas to retain industries which were established in the state after the grant of a central package. Industries in Himachal are of the view that by grant of a state package similar to that allowed in Uttrakhund will help moderate the impact of the current slow down. The slowdown in industry, if not contained at its early stage will directly result in lesser revenue earnings of the state leading to slowdown in developmental works in hand; closing down of the units which are operating at marginal profit or no profit at all; adding additional numbers to the already heavy number of sick units in the state and the country; increase in the cost of consumer goods adding to higher inflation; loss in manpower employment leading to public resentments; and wastage of young intellectual human bank highly qualified to take this nation to a level of the biggest economies of the world. The government will be failing in its duties if it fails to protect the interest of the industrialists for marginal financial savings at a time when the governments outside which are facing a financial crunch are going all out to protect all activities as are the essential tools of progress for their nation.
COVER STORY ECONOMY
Investment Plans for 2012 A Survey by CII
Land availability and environmental clearances the biggest factors holding back domestic investments
expect it to increase by less than 10% or would decline.
expect it to increase by less than 10% or would decline.
II conducted a snap poll among leading CEOs of the country to assess their outlook on investments in view of the current economic slowdown. “Given the downturn in investor sentiment and the decline in fixed capital formation seen in the second quarter GDP numbers, such a survey is of great relevance,” said Mr. Chandrajit Baneerjee, Director General, CII. CII's CEO Snap Poll also served to gauge the appetite for outward investment in the back drop of the ongoing European crisis.
Investment outlook The survey revealed that only 33.3% of respondents expect domestic investments to increase by more than 10% in 2012 while 66.7% expect it to increase by less than 10% or to decline. Similarly, 32.1% of respondents expect international investments to increase by more than 10% while 67.9% expect it to increase by less than 10% or to decline. “It is worrying to note that a majority of CEOs have muted investment plans both in India and abroad, reflecting the difficult
DISHA . December 2011 . 6
environment for investments,” said Mr. Banerjee.
Investment plans for 2012 (% of respondents)
No change or decline
When asked to rate specific factors that are holding back domestic investments, the respondents rated land availability, availability and cost of power environmental clearances and high cost of capital as issues of high importance in that order while issues such as transportation infrastructure, labor reforms and taxation regime were perceived as moderately important. Other issues included governance, discretionary powers, slowness of decision making, high transaction costs and corruption. However, a majority of respondents felt that the New Manufacturing Policy announced recently is likely to improve the investment environment.
COVER STORY Sluggish western world and growing uncertainty and risk averseness is likely to have a moderating impact on India's exports, FDI, FII inflows Impact of Eurozone crisis When asked about the significance of the Eurozone for the Indian economy, more than half the respondents (60.6%) rated it as moderate while 33.3% said it was high and 6.1% felt it was low. However, a vast majority (over 80% in each case) felt that the sluggishness in the western world and growing uncertainty and risk averseness is likely to have a moderating impact on India's exports, FDI, FII inflows and External Commercial Borrowings. The outlook with regard to PE investments was relatively less pessimistic with 75.8% expecting moderation. When asked whether India should contribute to the Eurozone's bailout fund, 70.6% of the respondents said no, while 23.5% believed that India should contribute. When asked whether the trend of Indian companies investing abroad would strengthen despite the global economic turmoil, 44.1% of respondents said yes while 35.3% said no and the rest said it was uncertain. â€œWhile the global crisis has made Indian companies more conservative towards investing abroad, many companies will continue to expand abroad,â€? said Mr. Banerjee. Respondents revealed some of the countries and sectors where they are looking for international acquisitions or investments. Countries include Malaysia, Singapore, Indonesia, USA, Canada, Brazil, UK, Germany, Sweden, Austria, Nigeria, Sub-Saharan Africa, Russia, Italy, Vietnam, Argentina and Ukraine and sectors varied from Auto components, Automobiles, Bio manufacturing, Financial Services, IT services, Coal, Solar Power, Health and Chemicals. To understand the motivation for Indian companies to invest abroad, the questionnaire asked which factor is more important: the pull factor i.e. the desire to increase global footprint/get access to natural resources or the push factor i.e. lack of opportunities/ infrastructure bottlenecks at home. An overwhelming majority of 78.8% felt that the former was more important. When asked whether the signing of Free Trade Agreements with various countries provided an incentive for domestic companies to shift production base outside India given the better infrastructure and investment climate in these countries, the verdict was divided: 29.4% said 'yes', 35.3% said 'no' and remaining said it was uncertain.
DISHA . December 2011 . 7
COVER STORY 12th Five Year Plan
More sops for Himachal sought Chief Minister of Himachal Pradesh Shri Prem Kumar Dhumal had been very vocal in putting forth the Himachal’s state of affair in his address at the National Development Council meeting on 22nd October 2011.
The curtailment of excise duty exemption to industrial units from earlier 2013 to 2010 has adversely impacted the investment climate in Himachal Pradesh, accentuating the regional imbalances.
e commended the Government of India and the Planning Commission for adopting ‘Faster, Sustainable and More Inclusive Growth’ as the theme for the 12th Five Year Plan, but pointed out that the 9 to 9.5% growth during the period could be achieved “if we work together with synergy”, he remarked. He pointed out the need “for strengthening the federal nature of fiscal structure by giving more fiscal autonomy to the states and by providing them with the space to pursue their need based vision of growth” He also pointed out that the Approach Paper to 12th Five Year Plan made no mention about the requirement of special category states like Himachal Pradesh and requested the planning commission to look at the recommendations made in the Common Base Paper by the NorthWestern Himalayan States in 2009. The recommendations include : ? Compensation to hill States, based on opportunity costs, on account of the ecoservices being provided by them. ? Liberal GOI funding for creating and upgrading strategic infrastructure in border areas on strategic considerations. ? Extension of period of central industrial package in all Western Himalayan States. ? Approval of proposal for imposing generation tax on hydro-power and enhancing free power royalty. ? Enhancement of norms for cost of infrastructure development and social sector
DISHA . December 2011 . 8
? projects/schemes in hill States on account of
topographical considerations. ? 20% enhancement in the present income
criteria for BPL families for hill States due to relatively higher cost of living. ? Special package for tourism development in hill States. ? Enhanced allocation for calamity relief to hill States as they are relatively more vulnerable to natural calamities. Chief Minister speaking about the industrial package for Himachal Pradesh highlighted the issue of withdrawal of the Industrial Package given to Himachal Pradesh. The excise duty exemption for setting up industrial units was earlier upto 31st March, 2013 for Himachal, which was curtailed by the Government of India to 31st March, 2010. This has adversely impacted the investment climate in the State, accentuating the regional imbalances.” He requested the need to start subsidised local Heli Taxi service during winter for the locals as well as for the tourists, improvement in the national highway networks, allocation of funds for replacement of buses in all special category states, etc. He requested adequate funding in the 12th plan for improving railway network and especially, getting approval for the two pending projects of Baddi-Kalka, and Bilaspur-Manali-Leh railway network.
FA C E - T O - FA C E RECOGNITION
Honour for Baddi’s Entrepreneur Ritu Singal, Managing Director of Winner Nippon Electronics Ltd. honoured with India Mart Leader of Tomorrow Award 2011
itu Singal is a woman with grit, who has taken life in her stride and moved into the corporate groove right from the kitchen, having lost her businessman husband, Vikas Singal, in 2007. But she owed her business acumen to her maternal grandfather, Lala Banarsi Dass, a reputed businessman of Himachal, and took control of the firm, Winner Nippon Electronics Limited. “After my husband’s demise, family wanted to dispose of the unit even at a throwaway price, but I decided to take charge and secure the jobs of hundreds families of workers who were working with us,” she says. “I took charge and learnt the ropes to manage technical, financial and managerial aspects of running the business,” Ritu feels, who balances her life perfectly well from running the business and spending quality time with her two daughters. Winner Nippon is manufacturer of synthetic leather, and though the project became unviable Ritu Singhal visited China, the unit’s biggest competitor, and today, she is proud that the unit has been selected as one of the top five synthetic textile units in India.
DISHA . December 2011 . 9
The recognition from IndiaMart with the ‘Leader of Tomorrow Award’ for 2011, has made her more resolute and determined to continue to move ahead and reach out to newer markets. Winner Nippon’s commitment is to make synthetic leather so that no animal gets killed, and the bio-degradable nonwoven fabric produced here is helping green the environment by providing a substitute to the plastic bags. Commenting on the business environment in Himachal, Ritu Singal is appreciative of various incentives being provided to the industry, but major bottlenecks are labour issues, uneven playing ground with companies claiming MODVAT, and the costly transport. Ritu Singhal is also deeply involved with social work and an active member of Rotary Club of Chandigarh Midtown, as well as the spiritual body, Soka Gakkal International.
We wish her many more achievements!
Invitation to Exhibit abroad We have received an invitation from the DC (MSME) New Delhi regarding participation in trade fairs abroad. Thatâ€™s an excellent opportunity to reach out to global market and showcase our strength.
International Hardware Fair Cologne, Germany 4-7 March 2012
India Pavillion at Fencetech 012 Miami Beach, Florida, USA (25-27 January, 2012) EEPC, New Delhi
Organised by Engineering Export Promotion Council (EEPC), New Delhi
Products/areas to be Exhibited Manual hand-held tools, Power tools (hand-held, stationary) and accessories, Machine tools, Compressed air tools, High pressure cleaners, Welding and soldering equipment, Workshop fittings, Shop and storeroom fittings, Ladders and scaffolding, Health and safety/Job security, Fastening technology, Fixing technology, Building fittings, Furniture fittings, Small fittings, Decorative metal wares, Sanitary ware and fittings, Chemical products, Interiors and Furnishing, Building materials, elements and accessories, outside structures, Automotive supplies and accessories, two-wheeler accessories etc.
Products/areas to be Exhibited Access Control Devices, Concrete/Cement Mixers Post Setting Equipment, Chain-Link Fence & Accessories, Composite Products & Accessories, Deck & Railing Materials & Accessories, Farm/Ranch Fence Materials, Fence Fillers/Inserts, Fittings, Gates & Associated Products, Gate Operators & Associated Products, High Security, Highway Fence Products, Machinery/Equipment for Installation, Machinery/Equipment for Manufacturing,
Ornamental Fence, Paints, Coatings, Sealants, Pipe & Tubing, PVC, Vinyl/Plastic Fence, Playground Equipment/Supplies, Pool Safety Systems, Post Caps, Finals, Security Fence & Access Controls, Signs, Snow Fence, Fence, Software/Computers, Sports Fence & Accessories, Tools/Power Tools, Trucks (pickup), Wood Fence Materials & Accessories. In order to encourage Micro & Small Enterprises, Govt. of India has made certain provisions as subsidy in rental & air fare charges uner the SSI-MDA scheme.
The MSMEs who are interested in participation of above Trade Fairs may get the details from BBNIA Secretariat.
DISHA . December 2011 . 10
CSR International Volunteers Day
Glenmark makes it a special day for children
o commemorate International Volunteer Day observed the world over on December 5th, employees of Glenmark’s manufacturing facility in Baddi volunteered their services. Their
mission was to make a day rewarding and memorable for children of Government School-Toga, a village near Baddi. On December 3rd, employees from Glenmark facilitated a free health check-up camp for children of Government School, Toga, where over 250 students underwent General Medical and Dental Checkups. These tests were conducted in presence of qualified medical professionals – Pediatrician and Eye Specialist. The Glenmark volunteers also spent some quality time with these children as they joined them in various educational and fun filled games and puzzles. The children were also educated on the benefits of healthy eating and maintaining personal hygiene.
Ram Avtar Garg, Vice President, Glenmark said: “We are all so glad that we were able to commemorate International Volunteer’s Day by undertaking a meaningful activity. More than the children, I believe it was an enriching experience for all the 60 odd volunteers of Glenmark, Baddi.” International Volunteer Day is an international observance designated by the United Nations since 1985. For Glenmark, this was one of the most satisfying activities that engaged members of Glenmark family in this noble cause and reach out to the children in the community, and make a difference.
Interactive Session with Income Tax
n I n t e ra c t ive S e s s i o n wa s organized on the initiative of the Department of Income Tax (TDS Wing) with the Baddi Barotiwala Nalagarh Industries Association on Monday, the 19th Dec. 2011 at Hotel Sarovar Portico, Baddi. The objective was to sensitize the Industry as well as others like Banks located in this Industrial Belt to create awareness on TDS related issues. Mr. Arun Rawat while welcoming the Commissioner, thanked the officials of the Department for this unique initiative of
having this interaction. He also raised various issues concerning the Industries including the notices being issued on noncompliances and transparency in the system. M r. H . C . N e g i , t h e H o n ' b l e Commissioner- cum- Chairperson of the session in his opening remarks sensitized the audience about the need of compliance of TDS's provisions and various fall outs of non compliances. The Department gave an exhaustive power point presentation to the audience leading to clarifications of various issues which perplexed us including the most vital myth of last date of deposit of TDS which was clarified by the Hon'ble Commissioner as “Before 7th of every month” and not 7 t h of the month. Representatives of various industries raised many issues relating to TDS
DISHA . December 2011 . 11
deposits, applicability of TDS, Rectification of Challans & Returns, Refund of Excess TDS Deposited etc. with the Commissioner who very patiently listened to all the problems and clarified the doubts of the Industry. The session was chaired by Hon'ble Commissioner, Income Tax (TDS), North West Zone , Sh. M.C. Negi, who was also accompanied by Sh. V.K.Sood, Income Tax Officer, TDS, Simla and local Officials of the Department of Income Tax. BBNIA was represented by its President Mr. Arun Rawat, Mr. Deepak Bhandari, Advisor Mr. Sumeet Sharma, Chairman Taxation Committee, Mr. Shailesh Aggarwal, Mr. Rajeev Aggarwal Vice Presidents & Sanjay Khurana, Secretary Media, Shri Vipin Gupta, Secretary Finance and more than 80 representatives of various Industries situated in BBN Area.
BBNIA in Brief
EPF Clarification on PF Contribution
n a recent circular issued by the Employees Provident Fund Organization to the Government of India have informed vide their No. Coord/4(6)2003/clarification/ Vol III dated 02 December 2011 that in view of a court decision of the Punjab and Haryana High Court, earlier clarification circulated vide their orders dated 23 May 2011 relating to splitting of minimum wages for the purpose of Provident Fund contribution, has been held in abeyance pending decision of the court. For those who may not be conversant with the clarification issued in May 2011, the issues involved are given hereafter. The Clarification dated 23.05.2011 states that the minimum wage is the lowest permitted wage legally required to be paid by an employer to its worker and
therefore 'basic wages' (for the purpose of PF calculation) should not be lower than the minimum wage (under the MWA). As per the Clarification, employers who do not pay minimum wages to their employees but claim to pay certain additional allowances to them, may be liable for punishment under the EPF Act as well as under the Indian Penal Code. Further, the Clarification also states that any employment contract between the employer and the employee which contains a stipulation to the effect that the minimum wages paid or payable to an employee is bifurcated to reduce the liability of the employer under the EPF Act shall be treated as void ab initio. Since the minimum wage is calculated by the state governments after due consideration of the prevailing market conditions and
other prescribed factors, splitting, segregation or re-classification of the minimum wage should not be permissible. Division Bench of the Karnataka High Court, in the case of M/s Group 4 Securities Guarding Ltd., Bangalore Vs. Regional Provident Fund Commissioner and Others2 (reported as 2004 LIC, Page 2075), which specifies that the PF Commissioner may exercise his powers to enquire whether the wages fixed are a subterfuge to avoid its contribution to the PF. The court took the view in that case that employers splitting up basic wages under several heads and allowances would amount to a subterfuge to avoid PF contribution. However, it is pertinent to note that while the MWA provides for a definition of wages, it does not contain a definition of basic wages.
Departmental Charges By BBNDA
he BBNDA is proposing to impose external development charge @ Rs. 4/- Per Sq. Mtr. per annum on the industries located outside the industrial areas u/s 72 of the H.P. TCP Act, 1977. This charge is proposed on the analogy of the development charge being charged by Industries Deptt./HPSIDC and HIMUDA in their respective areas @ Rs. 6/- Per Sq. Mtr. and Rs. 10/Per Sq. Mtr. respectively. The funds so collected shall be utilized for strengthening of roads, development of parking etc. in BBN area. BBNIA stressed that development plans with projected revenue collections should be shared with the stake holders before levying such charges. We in the industry can understand the anxiety of the BBNDA to levy such charges
for strengthening and development of parks. Apparently, the funds collected are likely to be utilized for the intended purpose outside the industrial areas. Similar charges are being paid by the industries located in industrial belts as
DISHA . December 2011 . 12
per demand of the industries department/ HPSIDC and HIMUDA. But industries located outside the industrial areas were not taxed for similar maintenance outside the designated areas. Collection of funds by the BBNDA will help in betterment of the facilities in the BBN area. Incidentally we have multiplicity of authorities collecting funds as discussed above and have multiplicity of controls in executing works in different areas. BBNIA has been requesting the government to consolidate the collection of funds and earmark the collecting authority to execute all developmental works. This will help in better financial and implementation control on the works in this area.
BBNIA in Brief
Interaction with BSNL
Pollution Prevention Week
rally was organised by the HP Pollution Control Board, Baddi on 8th December, 2011 from Nagar Parishad Building Baddi to City Square Nr.Bhardwaj Hospital via Sai Road as a part of celebration of "Pollution Prevention Weekâ€?. A large number of representatives from Industries participated sending a message for one and all to maintain the area pollution free. BBNIA contributed caps for Shimla rally and arranged refreshments for participants at Baddi.
hri Pradeep Kumar Senior GM BSNL, Solan along with six officers had an interaction with industry in the BBN on 14 December 2011 to streamline the working of the BSNL viza-viz expectations of the industries in this area. Different problems relating to Cable network, deficiencies in Broad Band services, excessive raising of bills, delay in land line connections, non-attendance of complaints and other matters were raised and highlighted. Mr. Pradeep Kumar GM in nutshell assured the members, saying that all corrective actions within their limitations shall be taken to improve the services and quality of equipments as far as possible and shall also try to explore the huge potential of business opportunities in this industrial corridor. Mr. Rajesh Dogar, AGM Kasauli informed the members that they have variety of mobile/land lines tariff schemes available with them. For further information and queries he advised users to visit the email@example.com and mobile no. 9418012300. Shri Kumar explained the reasons for certain deficiencies and assured that suitable corrective measures shall be taken to provide services as desired by the industry. Shri Kumar was thanked for his assurances and hoped the department and the industry will meet again on a happier note and with lesser complaints.
Workshop on E-FILING Declaration Form 26
Quality Awareness Camps
isha in its November issue had described in detail the results of a workshop that the industrialists and other stake holders had with the department of Excise & Taxation relating to mandatory e-filing of returns of E & T. It was then agreed by the department that another round of discussions will be held for a longer duration so as to set at rest all matters related to e-filing of the returns. The Department has agreed to hold the workshop again on 21 December 2011 at Hotel Sarover Portico, Baddi. BBNIA is taking extra precautions to ensure that all the guests who are present on the occasion are seated adequately.
hri R.P. Vaishya, Director MSME, conducted awareness programs on 14 and 15 December at Hotel Gianz, Nalagarh to cover the following topics:
14 December, 2011: Awareness program on quality management with the objective to provide exposure about various Quality Management Standards and Quality Technology Tools to improve overall quality of products by the MSMEs. 15 December, 2011: Awareness/ Sensitization program on Intellectual Property Rights (IPR) to provide latest exposure about various prospects of IPRs including patent and design for benefit of SMEs who have exclusively developed certain products and designs by their research with the objective of right of use. The programs were attended by a number of connected industries who were highly appreciative of the knowledge and inputs imparted by the faculty through MSME.
DISHA . December 2011 . 13
Life Matters Metro Station
Enjoy Life NOW... it has an expiry date !
This is a true story. Joshua Bell, playing incognito in the D.C
After 1 hour
In Washington, DC, at a Metro Station, on a cold January morning in 2007, this man with a violin played six Bach pieces for about 45 minutes. During that time, approximately 2,000 people went through the station, most of them on their way to work. After about 3 minutes, a middle-aged man noticed that there was a musician playing. He slowed his pace and stopped for a few seconds, and then he hurried on to meet his schedule.
He finished playing and silence took over. No one noticed and no one applauded. There was no recognition at all. No one knew this, but the violinist was Joshua Bell, one of the greatest musicians in the world. He played one of the most intricate pieces ever written, with a violin worth $3.5 million dollars. Two days before, Joshua Bell sold-out a theater in Boston where the seats averaged $100 each to sit and listen to him play the same music. This is a true story. Joshua Bell, playing incognito in the D.C. Metro Station, was organized by the Washington Post as part of a social experiment about perception, taste and people's priorities.
About 4 minutes later The violinist received his first dollar. A woman threw money in the hat and, without stopping, continued to walk.
This experiment raised several questions At 6 minutes A young man leaned against the wall to listen to him, then looked at his watch and started to walk again.
n In a common-place environment, at an inappropriate hour, do we perceive beauty? n If so, do we stop to appreciate it? n Do we recognize talent in an unexpected context?
At 10 minutes A 3-year old boy stopped, but his mother tugged him along hurriedly. The kid stopped to look at the violinist again, but the mother pushed hard and the child continued to walk, turning his head the whole time. This action was repeated by several other children, but every parent - without exception - forced their children to move on quickly.
One possible conclusion If we do not have a moment to stop and listen to one of the best musicians in the world, playing some of the finest music ever written, with one of the most beautiful instruments ever made. How many other things are we missing as we rush through life?
At 45 minutes The musician played continuously. Only 6 people stopped and listened for a short while. About 20 gave money but continued to walk at their normal pace. The man collected a total of $32.
DISHA . December 2011 . 14
Life Matters YOUR HEALTH
Health Supplements Protein is the second most important nutrient for the human body. Protein helps building and repairing of body tissues, regulation of body processes and formation of enzymes and hormones.
ron deficiency often leads to pain in leg muscles and also causes fatigue and breathlessness when you climb up the stairs. Our diet is low in Iron content and whatever we take does not get fully absorbed. Hence iron deficiency is very common. Biotin, Vitamin C, Zinc and Selenium are necessary to keep our skin and hair healthy. Insufficiency of any of these in the body makes our skin and hair dull. Most of us are not aware which foods contain these essential nutrients. Zinc, Vitamin C and Vitamin B complex increase our immunity and help us fight common infections. To save us from falling sick we need plenty of these. Vitamin D produced by exposure to sunlight is needed for healthy bones. Vitamin D is required with the right quantities of calcium for absorption. An average 80 Kg person requires 64 gms of Protein everyday and in addition requires the right kind of amino acids in these proteins. Dr. Priti, Associate Director, Regulatory & Medical Affairs, Ranbaxy Laboratories Ltd., observes that the best solution lies in having a perfect meal, including 510 servings of vegetables, the right amount of all vitamins and minerals in the right quantity, but it is practically impossible to do so. Further to this is the fact that our modern agriculture techniques deplete the soil. Resultantly, fruits and vegetables produced in
DISHA . December 2011 . 15
such depleted soils do not contain the right amount of vitamins, minerals and other essential nutrients. A health supplement with all the right ingredients in the right quantities that are required is essential for all of us since it provides us with the nutrients which we miss due to our lifestyle. Vitamin and mineral supplements should essentially be combined with Protein supplements. Protein is the second most important nutrient for the human body. Protein helps building and repairing of body tissues, regulation of body processes and formation of enzymes and hormones. Protein also aid in the formation of antibodies that enable the body to fight infection. Protein supplements over and above the food we eat ensures that our daily requirements are met for us to lead a healthy life. Amino acids are the basic building blocks from which proteins are made. Insufficient intake of amino acids can cause certain illness over a period of time. The human body requires 9 amino acids from external sources (food) and if they are not present in the diet, they may have long term effect on the organ systems and health in general. Look for food that can provide you with all that your body needs and supplement it daily with a health supplement and some exercise to lead a healthy life and improve its quality.
Don’t Teach. Just Learn Sadhguru Jaggi Vasudeva Founder of Isha Foundation
very child has the necessary intelligence to live his life fully. As a parent, you just create an atmosphere for the child to grow into his/her intelligence; just encourage him/her to be intelligent, to be aware. Watch an ant and you’ll see that it has all the intelligence to live an ant’s life fully. It may not be able to do what you do, but as an ant, the necessary intelligence for being an ant exists. The same goes for every creature. The problem is that you want your child to be intelligent the way you want him/her to be and not the way s/he wants. Your idea of intelligence is that your child should become a doctor. Maybe s/he would have made a wonderful carpenter, but you want the child to become a doctor. Not because doctors are needed in the world or because you want your child to dedicate himself/herself as a doctor, but simply because you have an idea in your head that in the social structure, a doctor or an engineer means some kind of prestige: “My child is a doctor.” You want to live your life through your children, and this is a sure way to destroy them. The first thing to do when bringing up a child is not to influence their minds with your minds. That is the first step you
need to take. If you believe that when a child is born it is time to teach, then you will ruin the child. When a child comes into your life, it is a time to learn because you have missed much in your life and so much of you has become distorted. Now, a child is just looking at life. You sit with him/her and look at life afresh. The only thing that you can do to your child is to love and support; his/her intelligence will grow. Yes, the child can get exposed to many rotten minds but you cannot isolate any child totally from that. When it comes to influencing a child, the teachers play a role, so do friends and many others. You can’t help it; you cannot build a sanitarium for your child, but still, as a parent, you can play a very important role in allowing the child’s intelligence to bloom. That is all. Create a loving atmosphere for him/her where intelligence will naturally flower. Your child need not do what you did in life. Your child should do something that you did not even dare to think of; your child should do that which you did not even have the courage to nurture a thought about. Only then this world will progress and something positive will happen.
Strategic Financial Management Edited by Dr Pradip Kumar Sinha ISBN: 978-81-7446-972-4 pp. 318 Rs. 275
DISHA . December 2011 . 16
Wealth Management Edited by Dr. Suyash N Bhatt ISBN: 978-81-7446-934-2 pp. 226 Rs. 295
1 Feb 2012 to 6 Feb 2012 Plast india 2012 8th International Plastics Exhibition & Conference on Pragati Maidan Exhibition Center, New Delhi, India More information on http://www.plastindia.org
23 Feb 2012 to 25 Feb 2012 Foodtek 2012 Bombay Exhibition Center, Mumbai, Maharashtra, India 22 Feb to 25 Feb 2011 OPEN SOURCE FOR COMPUTER-AIDED TRANSLATIONAL MEDICINE 2nd International Conference on Organised by Open Source Drug Discovery (OSDD) At Institute of Microbial Technology, Chandigarh More information on http://crdd.osdd.net/oscat/ Email: firstname.lastname@example.org More information on various Expos is inside back title
Tips for Trade Fair Participation
1. Prepare complete list of exhibits that you would be carrying and bringing back. 2. Check out with organisers about your special requirements for display, power, material handling, etc. 3. Carry your business cards, product/corporate literature. 4. Keep a visitors book or specially designed visitors response forms. 5. Produce a small video presentation to showcase facilities or any product process for the visitors. 6. Prepare a media kit about your company/product for handing out to the media. 7. Ask the organisers to arrange specific customer meets. 8. Send out emailer/printed invites to your prospects as well as existing customers to announce your participation. 9. Enclose entry passes to the trade fair for your select customers or invitees. 10. After returning, immediately check out all the business cards that you have collected and enquiry forms, and respond. That is the only way to convert your enquiries into sales.
The Economic Times Acetech 2012 27 Jan to 29 Jan 2012 Palace Grounds Bengaluru (Bangalore), Karnataka, India Free Registration
Food & Bevtech 2012 25 Apr to 27 Apr 2012 Bombay Exhibition Centre Mumbai, Maharashtra, India Free Registration
Construction & Mining Machinery Expo 2012 15 Feb to 18 Feb 2012 Gujarat University Exhibition Hall Ahmedabad, Gujarat, India Free Registration
Amtex 2012 27 Jul to 30 Jul 2012 Pragati Maidan Exhibition Complex, New Delhi India Free Registration
Secutech India 2012 1 Mar to 3 Mar 2012 Bombay Exhibition Center Mumbai, Maharashtra, India Free Registration
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