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Bp september 2013


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Bp september 2013

  1. 1. Editorial How promising is the Promised Land? Contents... Food for all –1 The plight of Assam seems no bound! Again the state has been caught by another severe conflict, the demand for separate state. Already she has witnessed some intense movements and struggles violent and non violent as well; strikes, road blockades since the finalization of giving separate state status to Telengana by the UPA government. In the meantime, the regions from where the voice of bifurcation is raised have reached to a critical juncture. Nevertheless, there are some serious causes and concerns behind this demand. Already the central Govt. has invited all the groups and organizations demanding separate Bodoland, Karbiland and Kamatapur of Assam to a formal tripartite talk. Accordingly, talks will be held from 2nd Sep to 5th Sep in New Delhi. If we analyze the separate statehood demand, will notice that it is mostly ethnocentric. For instance, separate Bodoland is demanded by Bodo community but not the other castes and communities residing in BTAD. Likewise, separate Kamatapur is demanded by Koch- Rajbangshi community and Karbiland by Karbi and Dimasa communities. Here the question arises, Is this just and right to create a state merely keeping in view the interest of a certain community? What our constitution says? On the other hand, we should not ignore the economic viability for a state. Several thousand crores of rupees would be needed to run state machinery per year. Looking into the current scenario of the financial crisis it is quite ironical. In the forthcoming days, the state is bound to experience more intense moments. Editor: Bikramaditya Dutta Kakoti The Real Estate Bill, 2013 –3 The Golden Story... –4 Rupee hits life low –5 33,688 crore road development project for Northeast –7 Economy of Karbi Anglong and Dima Hasao –9 A Visionary Philanthropist Moni Manik Gogoi –12 Complaints against banks increasing –14 An Entrepreneurial Breakthrough in First Aid Business –15 Economy of BTAD –17 Executive Editor: Madhurjya D. Konwar Bureau Chief- Kalyan Gogoi ! Chief Co-ordinator ( Delhi ): Arup Jyoti Gogoi ! Co-ordinator (Kolkata): Rudra Pratap Choudhury ! Special co-ordinators : Jasho Rabi (Shillong), Lithung Tungsha (Kohima), Madhurjya Saikia (Duliajan), Tanmoy Saikia(Mizoram), L.M.Sarkar(Agartala) ! Finance and Planing : Dipayan Borah ! Advisor : Pranjal Dutta (Legal) ! Design & Grapics : Nitul Kr. Dutta Adress : Guwahati Office– Bhangagarh, Anil Nagar, by lane no2, House no-1, Pin-781003, Guwahati (Assam) ! Delhi Office– A-12, 2nd floor, Kalkaji, New Delhi- 110019 e-mail : Mobile : 9954223870, 9508708837
  2. 2. Food for all The National Food Security Bill, 2013 T he Upper House of the Parliament, Rajya Sabha on 2nd September, 2013 has passed the National Food Security Bill 2013. The Bill was approved by Rajya Sabha via the voice vote.The Union Cabinet, headed by Prime Minister Manmohan Singh, on 19 March 2013 approved the National Food Security Bill. Lok Sabha on 26 August 2013 passed the National Food Security Bill 2013. The Bill was adopted by the House through a voice vote after a day-long debate. Objective of the National Food Security Bill 2013 : The primary objective of the National Food Security Bill 2013 is to provide for food and nutritional security in human life cycle approach. This will be done by ensuring access to adequate quantify of quality food at affordable prices to people so that they can live a life with dignity and matters connected therewith or incidental thereto. 1 BUSINESS POSITIVE Primary Features of the National Food Security Bill 2013 • National Food Security Bill 2013 will guarantee 5 kg of rice, wheat and coarse cereals per month per person at 3, 2 and 1 Rupees respectively. • The Bill will enable India to join the selected set of nations which guarantee foodgrains to majority of its population. • The Food Security Programme launched under the National Food Security Bill 2013 will be the largest programme of the world with the 130000 crore Rupees government support. • The Bill would require a total of 62 million tonnes of foodgrains. • The National Food Security Bill 2013 is said to be the first step towards universalisation of Public Distribution System. • Under the Bill, all the pregnant women as well as lactating mothers would be given free meal during the pregnancy till six months post delivery. • The pregnant women will also be given maternity benefit of 6000 Rupees in installments. • Children till the age of 14 years will also be getting free meals under the National Food Security Bill 2013. • In case there is nonsupply of the foodgrains, September-2013 all the states will be paying the food security allowance to the beneficiaries. • The National Food Security Bill 2013 is said to be the biggest game changer in the upcoming elections of 2014. • The scheme will be linked to the Aadhar scheme which provides every citizen with a unique identification number that’s linked to a database that includes the biometrics of all card-holders. All you need to know about the Food Security Bill The beginning . Drafted by the Sonia Gandhi-led National Advisory Council in 2010, the Bill originally proposed legal food entitlement for 75% of India’s population . A panel led by C Rangarajan recommended lowering entitlements and reforming PDS . In Sep 2011, the food ministry circulated a draft report for public comments . In July this year, the govt brought an ordinance covering 67% of the population Who gets what . 75% of rural and 50% of urban population — an estimated 800 mn people — are to receive 5 kg of wheat, rice and coarse cereals at Rs 3, Rs 2 and Rs 1 a kg, respectively . The Bill doesn’t include pulses and edible oils, as the country lacks supply of these
  3. 3. Impact on agri sector . As the govt will procure more grains, farmers might be dissuaded from growing cash crops Implementation . For now, the govt proposes to implement it through existing system of ration shops . Later, it could be shifted to a modernised PDS that works on biometric ration cards The cost involved . The govt’s food subsidy bill will rise from the present Rs 90,000 crore to over Rs 130,000 crore . Besides inflation fears, the rise in subsidy bill could affect govt’s ability to contain its fiscal deficit at 4.8% of GDP Summary of the National food Security Bill (As passed in the Lok Sabha on 26 August 2013) 1. Preliminaries : The Bill extends to the whole of India and “shall be deemed to have come into force on the 5th day of July 2013”. [NB: This is the date when the National Food Security Ordinance 2013 came into force.] 2. Entitlements : Priority households are entitled to 5 kgs of foodgrains per person per month, and Antyodaya households to 35 kgs per household per month. The combined coverage of Priority and Antyodaya households (called “eligible households”) shall extend “up to 75% of the rural population and up to 50% of the urban population”. The PDS issue prices are given in Schedule I: Rs 3/2/1 per kg for rice/wheat/millets. These may be revised after three years. Children’s Entitlements For children in the age group of 6 months to 6 years: an age-appropriate meal, free of charge, through the local anganwadi. For children aged 6-14 years, one free mid-day meal every day (except on school holidays) in all government and government-aided shools, up to Class VIII. For children below six months, “exclusive breastfeeding shall be promoted”. For children who suffer from malnutrition, meals will be provided to them free of charge “through the local anganwadi”. Entitlements of Pregnant and Lactating Women Every pregnant and lactating mother is entitled to a free meal at the local anganwadi (during pregnancy and six months after child birth) as well as maternity benefits of Rs 6,000, in instalments. 3. Identification of Eligible Households : The Bill does not specify criteria for the identification of households eligible for PDS entitlements. The Central Government is to determine the state-wise coverage of the PDS (proportion of the rural/urban population). Then the number of eligible persons will be calculated from Census population figures. The identification of eligible households is left to state governments, subject to the scheme’s guidelines for Antyodaya, and subject to guidelines to be “specified” by the state government for Priority households. The identification of eligible households is to be completed within 365 days. The lists of eligible households are to be placed in the public domain and “displayed prominently”. 4. Food Commissions : The Bill provides for the creation of State Food Commissions. The main function of the State Commission is to monitor the implementation of the Act, give advice to the states governments and their agencies, and inquire into violations of entitlements. State Commissions also have to hear appeals against orders of the District Grievance Redressal Officer and prepare annual reports. 5. Transparency and Grievance Redressal : The Bill provides for a two-tier grievance redressal structure, involving the District Grievance Redressal Officer (DGRO) and State Food Commission. State governments must also put in place an internal grievance redressal mechanism which may include call centres, help lines, etc. Transparency Provisions Mandatory transparency provisions include: (1) placing all PDS-related records in the public domain; (2) conducting periodic social audits of the PDS and other welfare schemes; (3) using information and communication technology “to ensure transparent recording of transactions at all levels”; (4) setting up vigilance committees at all levels to supervise all schemes under the Act. District Grievance Redressal Officers DGROs shall be appointed by state governments for each district to hear complaints and take necessary action according to norms to be prescribed by state governments. If a complainant is not satisfied, he or she may file an appeal before the State Food Commission. Penalties and Compensation The Food Commissions have powers to impose penalties. If an order of the DGRO is not complied with, the concerned authority or officer can be fined up to Rs. 5,000. The Commission can authorise “any of its members” to act as an adjudicating officer for this purpose. In case of “non-supply of the entitled quantities of foodgrains or meals to entitled persons”, such persons will be entitled to a food security allowance from the state government, as prescribed by the central government. – Business Positive Bureau BUSINESS POSITIVE September-2013 2
  4. 4. The Real Estate Bill, 2013 Bill to protect home buyers from unscrupulous developers and builders What Bill Says : " Property brokers must obtain a license. " Developers to submitted authenticated copies of approvals and sanctions from the competent authorities while applying for registration. " No advertising, selling or money raising will be permitted before project approvals are in place. " If a developer flouts a provision of the bill, he could be jailed or fined severely. " Compulsory registration of all real estate projects of area more than 4000sq meters. " Developers to maintain a separate bank account for each project in a scheduled bank to prevent diversion of funds from one project to another. " Jail term up to 3 years for offences like repeatedly putting up misleading advertisements. " Formation of a Real Estate Regulatory Authority. " Formation of an Appellate Tribunal which will hear appeals for decisions, directions or orders of the Real Estate Regulatory Authority. T he “Real Estate (Regulation and Development) Bill 2013, a Bill to protect home buyers from unscrupulous 3 BUSINESS POSITIVE developers and builders and having provision like jail term of up to three years for offences like putting up misleading advertisements about the project repeatedly was introduced in the Rajya Sabha on August 14. The Bill also intends to make it mandatory for the developers to launch projects only after acquiring all the statutory clearances from relevant authorities. The Bill makes it mandatory for the builders to clarify the carpet area of the flat as well. The Union Cabinet had already approved the Bill on June 4. More facts about the Real Estate (Regulation and September-2013 Development) Bill 2013 Stress on timeliness and adherence to specifications : Anuj Puri, chairman and country head, Jones Lang LaSalle India, points to two specific aspects of the Bill that will benefit buyers. “By imposing strict regulations on the promoter, the Bill looks to ensure that construction is completed on time, and on completion the buyer gets a property that matches the promised specifications,” he says. Mandatory disclosure of project details: The Bill will make it mandatory for developers to disclose details, including minor ones, about their projects on the company website. Says Niranjan Hiranandani, managing director of Hiranandani group of
  5. 5. companies: “The details will include specifications, such as the layout plan, carpet area of each dwelling unit, number of units in the project, the amenities being provided, and the approvals received for the project from various authorities. Such disclosures will make it difficult for developers to make ad hoc changes to their project plans at a later stage of development.” Separate accounts for each project: The Bill also makes it mandatory for developers to maintain separate bank accounts with scheduled commercial banks for each of their projects. At least 70% of the corpus raised for the project from buyers (at intervals) will have to be deposited within 15 days of realisation in the account Diversion of funds from one project to another will not be permitted. Misleading buyers will invite punishment: Developers will be prohibited from advertising or marketing their projects before getting all the necessary clearances and obtaining a certificate of registration from the authority. Developers will not be able to collect funds from buyers before they have obtained all the necessary approvals. The Bill states that if any developer will fully fails to comply with or contravenes its provisions, he will be punished with imprisonment for up to three years, or a penalty that may extend to 10% of the estimated cost of the project, or both. Vasudevan informs that the developer will have to compensate the buyer who incurs a loss The Golden Story... Gold price hits fresh all-time high of Rs 34,622 per ten grams in futures trade on this last August on heavy buying as rupee plunged to its new record low against the US dollar. Despite recovering about USD 240 an ounce, or more than 20 percent, since hitting a near three-year low of USD 1,180.71 in late June, gold prices are still down 15 percent so far this year in international market. On the on account of advance payment based contrary, the yellow metal, which on false information contained in the plunged to a low of Rs 25,000 in middeveloper’s advertisement. April, is at a record high in India. Cancelling a sale becomes difficult: Here’s looking at why gold Developers will not be allowed to cancel price in India is spiralling: an agreement for sale unless they have Rupee depreciation: The sufficient cause to do so. Says depreciation in rupee has cast a huge Vasudevan: “The developer will need impact on the escalation of gold prices to give due notice to the parties to the as it makes imports costlier. Rupee is agreement. He will also have to refund down nearly 19 percent so far this the amount collected along with interest, year. Hence, gold price in India as prescribed.” cannot be at parallels with the price Licences compulsory for realty in international market. The brokers: The Bill also makes it difference arising out of the compulsory for real estate agents to depreciation in rupee has pushed the register and get licences gold prices higher. before they begin to Gold import duty : Gold conduct business. import duty has also added fuel to the Yashwant Dalal, president rapidly increasing gold price. In order of the Estate Agents to contain the widening Current Association of India, Account Deficit (CAD), the believes that this is a government this month hiked the positive step by the import duty on gold from existing 8 government which will percent to 10 percent, which has led make real estate broking to a straight jump of more than 600 an organised profession. per 10 gram in gold prices. Prior to this hike, the government had twice – Business Positive Bureau BUSINESS POSITIVE September-2013 4
  6. 6. Rupee hits life low below posts biggest fall in 18 years hiked import duty from 4 percent to 6 percent and 8 percent respectively. Geo-political tensions: Geopolitical tensions in Syria are one of the reasons that have immediately triggered the hike in gold prices. Analysts believe that the possibility of US military action against Syria is driving demand for safe-haven assets including gold. Speculations are also doing the rounds that Fed might delay tapering of its bond buying programme if US forces attack Syria. Low-level demand/ETF buying: In the last two weeks, SPDR gold trust, the world’s largest gold-backed exchange-traded fund, has reported inflow, signalling renewed interest of market players. Apart from ETF buying, low-level buying also stoked up prices. Central Bank’s buying: International Monetary Fund (IMF) data has showed that central banks continued to add to their gold reserves. Turkey added the most by buying 22.5 tonnes of gold in July, while Russia’s holdings topped 1,000 tonnes. The accumulation of gold by the central banks has underpinned demand for gold, which in turn has strengthened the metal’s price. The rupee slumped to a record low near 69 to the dollar on the last of this month on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.The pummelling in markets sent the rupee reeling 3.7 percent to an all-time low of 68.85 with the unit closing just a touch off that, at 68.80/81 per dollar, its biggest single-day fall since October 1995.In absolute terms too, the 256-basis-point fall in the rupee was the biggest ever.An assault on the psychologically key 70 level now appears imminent, as intervention from the central bank seen mid-morning only gave the rupee a brief respite.In the stock market, state-run Life Insurance Corp, which was spotted buying shares, allowed the domestic benchmark index to erase steep early losses and end the day stronger. Foreign investors have sold almost $1 billion of Indian shares in the eight sessions through Tuesday - a worrisome prospect given stocks had been India’s one sturdy source of capital inflows in the first half of 2013. – Business Positive Bureau, Delhi 5 BUSINESS POSITIVE September-2013 Policymakers have consistently struggled to come up with steps that can convince markets they can stabilise the rupee and attract funds into the country despite extraordinary measures last month by the central bank to drain liquidity and action to curb gold imports and cut India’s huge oil import bill. RISING OIL PRICES, FED FEARS AMPLIFY PRESSURE India badly needs foreign capital as it struggles with a record high current account deficit, growing fiscal pressures and an economy growing at the slowest in a decade. The failure to address India’s economic challenges is becoming an increasing source of tension at a time when fears of a possible U.S.-led military strike against Syria are knocking down Asian markets, with the prospect that the Federal Reserve will soon end its prolonged period of cheap money further raising concerns. At the same time, rising domestic bond yields threaten to raise borrowing costs across the already slowing
  7. 7. economy, while global prices of oil and gold - the country’s two biggest imports - have surged. India is due to post April-June gross domestic product data on Friday, with analysts estimating the economy grew at an annual rate of 4.7 percent, roughly in line with the previous quarter. It will also post July federal fiscal deficit figures. LACKING CONFIDENCE The rupee has plunged more than 20 percent this year, by far the biggest decliner among the Asian currencies tracked by Reuters. Foreign investors are paring equity positions, having sold a net $3.6 billion in stocks since the start of June, but still their net purchases so far this year total nearly $12 billion. In bond markets, foreign investors have sold more heavily, with outflows reaching nearly $4.6 billion so far this year. Yet the government has so far failed to provide a coherent response, analysts said. Its approval of infrastructure projects end of the month, was trumped by concerns about the fiscal deficit after India’s lower house of parliament on August 26th, approved a 1.35 trillion rupees plan to provide cheap gain to the poor. “Let’s see what the authorities do, but if the government can come out with some really big currency swap arrangement with some countries, that can be a strong positive,” said Uday Bhatt, a forex dealer with UCO Bank in Mumbai. – Business Positive Bureau, Delhi Assam set to experience printing revolution with HP H ewlett-Packard India recently unveiled the HP Officejet Pro X series and the HP Officejet Pro 3610/3620 Black & White series – the latest breakthrough technologies that broaden HP’s Inkjet portfolio for businesses in Assam. The HP Officejet Pro X500 series is recognized as the world’s fastest desktop printer by Guinness World Records, while the HP Officejet Pro 3610/3620 Black & White series offers laser-like quality and performance at very low running costs, comparable to laser toner refills. These new inkjet innovations offer laser-comparable, robust performance along with affordability, which will empower businesses to decrease running costs and greatly increase productivity, thereby driving the adoption of Inkjets in Indian offices. Diptesh Ghosh , Country Manager, Printing Systems, PPS, HP – India said “Assam is an emerging hub for SMBs and enterprises. HP’s new innovations in inkjet printing technology are set to transform the office printing environment for businesses in Assam.” Syngenta reaches out to tea growers on safety, productivity To support the tea plantation growers of the Northeast, Syngenta India, the country’s leading crop protection and agri input company, has stepped up its stewardship activities in the region. The objectives of the initiative are to bring about awareness on health, hygiene and safety for plantation growers as well as educate them on best agricultural practices. Special focus is on medium and small growers, who are yet to fully adopt sustainable production standards. Syngenta, which offers a bouquet of products to growers under its integrated solution programme, actively encourages safe and responsible use of its products thereby helping farmers grow more food using fewer resources. Assam, which is leading the tea producing states, alone produces over half of India’s tea and accounts for over 12% of annual global yield. The tea industry is a major contributor to India’s economy. Total turnover of the sector is about Rs. 10,000 crore and it provides employment to more than 1 million workers in tea states across the country. Syngenta has 11 % share of world exports. In 2012-13 it exported 220 million kg of tea at a total value of Rs 3,962.92 crore. Outlining Syngenta’s commitment to a holistic approach to agriculture, Akshaya Kamath, Territory Head, Syngenta South Asia said, “Our commitment to safety does not end when our products reach the market. Through stewardship programs, Syngenta trains growers and farm laborers around the world to use its products as safely as possible throughout their lifecycle - from design to disposal. Our programs focus on four key areas: packaging and labeling; transport and storage; safe and effective use; and safe disposal of containers and obsolete stocks.” – Business Positive Bureau BUSINESS POSITIVE September-2013 6
  8. 8. 33,688 crore road development project for Northeast T he central government has come forward with 33,688 crore special Road Development Project for the improvement of road connectivity of the North Eastern region. Under Special Accelerated Road Development Project (SARDP) phase-I already it has implemented various project to improve the road network, national highway of the NE states including Sikkim. Within 12th financial plan, it aims to develop total 6,418 km road of this region. Union Minister for Road Transport and Highways Oscar Farnandes reviewed the progress of National Highway works and other centrally sponsored road project of all the North Eastern states in a meeting held at Guwahati recently. Speaking to the media Minister Farnandes informed that the review meeting was held to discuss the issues 7 BUSINESS POSITIVE and problems faced by the road project implementing agencies i,e the State Public Work Department, Border Road Organization and the National Highway Authority of India following complaints over delay in completion of the project. He also said that an empowered group of Ministers (EGoM) has been constituted to expedite the infrastructure project in the north east state. The Union Minister made several announcements for development project in all the north eastern states including Sikkim. He announced that the ministry of Road transport and Highways (MoRTH) has decided to carry out a feasibility study for the newly declared National Highway NH-127B connecting September-2013 Srirampur (NH-31C) to Fulguri via Dhubri including construction of a bridge over Brahmaputra. Besides improving the connectivity in Assam, this would also provide an alternative shorter connectivity between Nongstoin in Meghalaya with West Bengal and will provide Greater access to Assam and Meghalaya, the Minister Said in this announcement. He also announced that the MoRTH has decided to widen the NH-37 between Numaligarh-JorhatDemow-Dibrugarh to 4 lane Standard on BOT (annuity) basis. He informed that henceforth all works by PWD and BRO will be implemented under EPC (Engineering Procurement Construction) made instead of Conventional item rate content system for effective implementation of Projects. The central government has given equal
  9. 9. importance to all the Northeastern states. So it has taken various mechanism and steps for the development of Road connectivity. ASSAM 1. The Road Transport & Highway Ministry has decided to carry out feasibility study for the improvement of newly declared National Highway 127 B connecting Srirampur (on NH31C) to Phulbari via Dhubri including construction of a bridge over river Brahmaputra. Besides improving the connectivity of Assam, this would also provide alternative shorter connectivity between Nongstoin in Meghalaya with West Bengal. This will provide greater access to Assam and Meghalaya. 2. The Ministry had technically vetted the proposal of Ministry of DONER for construction of new bridge across river Barak to connect Silchar Town as an alternative to existing Sadarghat Bridge. 3. It has decided to widen NH-37 between Numaligarh-Jorhat- DemowDibrugarh to 4 lane standard of BOT (Annuity) basis, for which RQF has been invited. Arunachal Pradesh 1. The Road Transport & Highway Ministry has decided to provide 4 lane connectivity to Itanagar from Nagaon via Holongi, via NH-37 A, NH 52 & NH-52 A. Manipur/Nagaland 1. The road transport & Highway Ministry has decided to carry out feasibility study for construction of Imphal Bypass. 2. It has decided to conduct a feasibility study for an alternative/ additional highway between Chumukedima near Dimapur in Nagaland and Maram in Manipur on NH-39 to avoid sinking zones in Nagaland and Manipur on NH39 so as to tackle perennial problem of frequent traffic disruptions. 3. The Maram – Peren road taken up under SARDp-NE Phase “A” to connect Dimapur via Ghaspani would be extended to 2 lanes to provide alternative connectivity to Manipur and also develop about 65 km of road in Nagaland. Mizoram 1. The Ministry has undertaken construction of about 100 kms length of new 2 lane highway in Mizoram to provide connectivity to port Sittwe in Myanmar to support Kaladan Multi Model Transit Transport Project. The work is in progress and after completion; the trade between India and Myanmar would be improved. 2. A feasibility study would be conducted for bypassing the trouble spot rock fall area on NH-44 A between Aizawl and Lengpui Airport in Mizoram, following existing 3.5 km alignment and 2.5 km earthen track. Besides, ensuring an alternative all weather road connectivity for the airport, this would also shorten the length of NH-44A by nearly 5 km. Tripura The 130 km stretch of AgartalaSabroom section of NH-44 would be extended to 2 lane standard on EPC basis .It will be implemented by the Ministry directly. This will provide connectivity to Chittagong Port through Bangladesh and is envisaged to eventually improve trade and commerce with Bangladesh. Meghalaya 1. Sanction for Jowai bypass as also revised estimate for Shillong-NongstoinTura (Rs. 1694.16) has been issued. 2. The Ministry will take up construction of new bridge at Dawki in Meghalaya which has been over delayed. Sikkim There will be an alternative highway to Gangtok via Bagrakot- Nimbonglolegaon-Algarah-Rhenok-PakyongRanipul- Gangtok with spur from Rehnok- Aritar-Rolep- Menla. This will provide connectivity to Pakyong Airport, presently under construction, to provide air connectivity to the state of Sikkim. Alignment for this route has been approved by the Ministry. Project report is being prepared. – Business Positive Bureau BUSINESS POSITIVE September-2013 8
  10. 10. ECONOMY OF KARBI ANGLONG (The demand for a separate Karbiland by curving out the two hill districts of the state Karbi-Anglong and Dima-Hasao has reached a critical juncture. Fuelled by separate Telengana the concerned people, politician, political & non political organizations of this two districts are demanding a seperate state, KarbiAnglong under article 244(a) of Indian Constitution. Feeling left out, neglected for years by years, the Karbi and the Dimasas believed that separate state is the only solution for marching towards a better future. It is well known fact, separate state would never be possible without economic viability. Otherwise it will fall down, there would be anarchy everywhere. Thousand crores of rupees is needed to run a state machinery. With utmost respect to the demands and aspiration of the people of these two hill district , BUSINESS POSITIVE tries to throw some light to the economy of these two Hill Districts.) The people of Assam saw the birth of a new district i.e. the United Mikir and North Cachar Hills District on the 17th November’1951 . The new district was formally created on the aforesaid date vide Govt. notification No. TAD/R.31/50/201 Dtd. the 3rd November’1951 with some parts of the districts of Sivasagar (now Golaghat), Nagaon,Cachar and United Khasi and Jayantia Hills district of present Meghalaya for all round development of the tribal folk of the Central Assam. This was followed by bifurcation of the erstwhile district of United Mikir and North Cachar Hills district into two seperate districts under banner as “Mikir Hills” and North Cachar Hills district in the year 1970. The Mikir Hill district was again rechristened as “Karbi Anglong District” w.e.f the 14th October’1976 vide Govt. Notification No. TAD/R/115/74/47 Dtd. 14-10-1976. Thus Karbi Anglong came 9 BUSINESS POSITIVE into being as a full fledged separate district in the map of Assam with its Head quarter at diphu. The district enjoys autonomy under the provision of Sixth Schedule of the Indian Constitution. It is the Largest district of Assam. POPULATION PATTERN The population of the district is predominantly tribal. The major tribal ethnic groups of this district are Karbis, Bodos, Kukis, Dimasas, Hmars, Garos, Rengma Nagas, Tiwas, Man(Tai Speaking’s). Besides, a large number of non-tribals also live together in this hill region. The district is rich in natural resources . Lime stone is found in Bhillai and September-2013 Karbi Anglong Area Total population Male Female Sex Ratio : 10,434 sq km : 9,65,280 : 4,93,482 : 4,71,798 : 956 females per 1000 males. Literacy Rate : 73.52% Male : 82.12% Female : 64.62% District HQ : Diphu Sub Division : Diphu, Hamren, Bokajan Important Places : Diphu, Haflong, Hawraghat, Boithalangsu
  11. 11. AND DIMA HASAO Sainilangso, China Clay is found in Upper Deopani and Chilonijan and coal is found in and Silbheti.Feldspar is foun in Koylajan. A large portion of population of Karbi- Anglong district depends upon agriculture. Paddy is main agricultural product here. The Jhum cultivation is practised in the hilly areas. There are few industries in this district. The topmost are Cement factory in Bokajan, a few rubber and chitronala industries, rice mill, tea factories etc. NATURAL RESOURCES MINERALS : There are different kinds of minerals found in this hill district which are as below :-1. Lime stone :Found in the Dillai and Sainilangso. 2. China-clay :- Found in Upper Deopani and Silonijan area.3. Feldspar :- Found in Koilajan area. 4. Coal :- Found in Koilajan and Silbheta. AGRICULTURE The district is basically an agricultural district. Different types of agricultural crops are cultivated among which paddy is the main crop. Except for the valleys, the people follow the jhum system of cultivation. The district is basically an agricultural district. Different types of agricultural crops are cultivated among which paddy is the main crop. Except for the valleys, the people follow the jhum system of cultivation. RAILWAYS The N.F. railways passes through the district touching only a few points along the boundary. They are Hawaipur, Lamsakhang, Borlangphar, Langsoliet, Nilalung, Diphu, Doldoloi, Dhansiri, Rongapahar, Khotkhoti and Bokajan. AIRPORTS There is no airport in the district. The airport in Dimapur is 54 km away from Diphu being the nearest to the district. INDUSTRIES Although the district is abundant in raw materials only a few industries have come up. They are as shown below :-A. 1.Bokajan Cement Plant; 2. Karbi Chemical Mini Cement Plant ( under construction)B. AGRO-BASE :- 1. Rubber Plantation Industry; 2. Citronella Plantation Industry. TEA GARDEN : There are a total of 12 (Twelve) numbers of Tea Gardens in the district which are : Nambor Nadi T.E, Sobhoneswari T.E, Deopani T.E, Ramanagar T.E, Borpathar T.E, Lahorijan T.E, Dhansiri T.E, Lengri T.E, Banaspati T.E, Nirmal T.E, Methunguri T.E, Methoni T.E RIVERS : Kopili River, Nambor River, Amreng River, Deopani River, Borpani River, Jamuna River, Kolioni River, Patradisha River, Dhansiri river, Longnit River, Dikharu River, Doigrung River FOREST : The forest area covered is about 4,922.019 sq. km with 14 State R.F. and 17 District Council R.F. in the district. DIMA HASAO Economic scenario of Dima Hasao district is not very encouraging. Geographical remoteness coupled with poor communication, as well as infra-structural facilities are the main factors behind the low level of development. However, in spite of the gloomy scenario, prospects of Agriculture, Horticulture and Forestry are bright. Agriculture: Entire rural people of the district are dependent upon Agriculture. A distinctive feature as regards to agricultural practices of the tribal people in the district is jhumming which is the traditional way of their life. This is in fact a shifting process of cultivation in cycles. About 70% of the total cultivated area is jhumming area. This cultivation is done in autumn season BUSINESS POSITIVE September-2013 10
  12. 12. Limestone and coal in small quantity are gravels in the river beds along with found in the neighbourhood of Garampani stones are also available. i.e. from Khorangma to Gorampani which Industry : Cement factories, saw-mills are exploited by Assam Mineral etc. are the private Development Corporation, Guwahati. The organized sector Dima Hasao (North Cachar Hills) main user of the limestone is the cement industries in the district. factories located at Umrongso. There are four Cement Area : 4,888sq km Carbonaceous shale is available in Bagha Plants in this district. Total population : 2,13,529 area. Good quality of limestone, low in Also, NEEPCO has Male : 1,10,566 magnesia and suitable for cement established Kopili Hydel Female : 1,02,963 manufacturing is also available. The major Project at Umrongso Sex Ratio : 931 females rivers like Kopili, Jatinga, Diyung and which produces sizable per 1000 males Langting are rich in minor minerals like quantity of electricity. Literacy Rate : 78.99% stones, gravels, sand etc. and are extracted Apart from these, Male : 85.34% for construction of Roads, Building etc. weaving is also Female : 72.15% Medium Scale Enterprise in Dima considered to be a Density : 44 persons Hasao DistrictList of the units in & household industry in this per sq km. nearby area district. Large areas District Head quarter : Haflong (1) M/S Vinay Cement Ltd,Umrangsoo (2) have been covered by Eri Sub Division : Haflong M/S SCLCement Ltd,Umrangsoo (3)M/s & Mulbarry farm. & Maibong RCL Cement Ltd,Umrangsoo (4) NECEM Mines and Minerals Important places : Haflong, Maibong, Mahur, : The region has rich Cement LtdUmrangsoo (5) M/s Garampani, Jatinga. Umrangsaoo Cement Ltd. Major deposits of important exportable item : Cement & Bamboo. minerals some of which Major mineral : Coal and lime stone. are being commercially exploited while Some horticultural crops potential of other is yet too be prospected. cultivation, viz. pineapple, orange, papaya – Business Positive Bureau and banana occupies a vital role in agricultural economy of the district. Winter paddy cultivation in flat lands mostly in river valleys is done only in Rabi season. Efforts have been made by the departments of Agriculture, Soil conservation and Irrigation to boost up Country’s largest car maker Maruti Suzuki plans to expand its presence in rural the agricultural economy by some and remote parts of North East as it expects “rapid growth” in this region over the modern methods. Though economic next 3-4 years. The company, which first opened its outlet in North East 30 years impact of Jhumming can not be ruled out ago at a time of rolling out its first car in the country, currently sells an average of at present, it has many drawbacks. It 3,000 vehicles every month in the region. “North East market has always been turns the hill slopes barren by soil erosion very important for Maruti Suzuki...We believe that there is huge opportunity in and it is less productive and does not rural areas of North East states, besides the major cities,” Maruti Suzuki India commensurate with time, labour and (MSI) Chief Operating Officer (Marketing and Sales) Mayank Pareek told. investment. Keeping this in view some Currently, this region contributes around 4 per cent to the total domestic private sector and some public sector volume of MSI and it is “significant considering the socio-geographical nature of undertaking has taken up Coffee and the region”, he added. Asked about growth expectations from the region, Pareek Rubber cultivation in different localities said: “We are very confident that this share will only rise in coming years as North of the district. Some Agro-based East offers vast potential. The region is expected to grow rapidly over the next 3industries are being established so that 4 years. However, putting a number to that will not be prudent.” cultivators become interested to new types of cultivation that feed industries. Farming : Livestock and Poultry occupy an important place in the rural economy. Buffalo, pig etc are the most common livestock animals while hen and duck comprise the poultry birds. Forestry : The major forest products consists of timber, cane, bamboo etc. Other minor forest products include Agar, Chalmugra etc. Boulders and either as a single crop or sometimes as mixed crop along with Maize, Zinger, Turmeric, Chillies and Vegetables etc. MARUTI TO EXPAND DEALER NETWORK IN REMOTE AREAS 11 BUSINESS POSITIVE September-2013
  13. 13. A Visionary Philanthropist Moni Manik Gogoi H e has dreams in his heart, vision in the eyes, determination in the mind, and love for the people in the soul and above all, he has devotion towards the upliftment of the humankind. He dreams of a world of peace and prosperity, togetherness and harmony where there is no cast, creed, religion etc. ‘Love’, the most powerful and supreme word in this world, he believes. As a visionary, he greatly emphasizes on the issue of ‘sustainability’, the utmost necessity for the upcoming generations, which is our fundamental commitment towards a better and secured world of tomorrow. Moni Manik Gogoi was born in the year 1971 in a remote village of Dibrugarh district. Having been motivated by the freedom struggle of Cuba and Vietnam, inspired by the communism ideology, he left home, and joined in the armed struggle for a sovereign state. He was of the view that the keys to all the problems of the commoners lie in the freedom of the land. After 10 years of self-exile, he returned to the main stream of the society and started his life afresh. He realized that the freedom of people is possible only if the economic condition of them can be strengthened. Since then he devoted himself in the various social works and extended his endeavour to agricultural field in and around his locality, which could rightly be termed as green revolution. He has been associated with institution of the Shalmari Digholiya Yuvak Sangha, Bhadreswar Gogoi Memorial Library, Tingkhang Sukumar Kala- Kendra, and many more other social organizations of these kinds. He is the man behind the establishment of Mahendra Gogoi Sishu Udyan in collaboration with Oil India Ltd. and pioneered Tingkhang Aanchalik Gramya Krira Samaroh. Today Mr. Gogoi is successful in bringing a positive change in the society. At the initial stage, he choose agriculture be the field from where revolution could be started. He not only encouraged the people to indulge in agriculture but also took active part himself and led them to a radical change in their livelihoods. Now a day, people are cultivating in more than hundrend acres of land and producing vegetables, grains etc. to a great extent. Noteworthy to mention that the then Public Relationship Officer, OIL, Mr. Prasanta Barkakati extended his full support and assistance to Mr. Gogoi in accomplishing the task. Gatishil Krishi Farm, a model institution is a brainchild of Mr. Gogoi under the banner of which the agricultural activities are being performed. Roopantor, a joint scheme of OIL and SIRD in collaboration with the State Rural Development Institution, Duliajan was aimed at fecilitating new areas of work in order to BUSINESS POSITIVE September-2013 12
  14. 14. create employment opportunities to the skilled and trained people; needless to mention Mr. Gogoi had tremendous contribution in effectively implementing the scheme. He was given the responsibilty of ‘Fecilitator’ of the Programme, some 1600 Aatmasahayak Got were formed at his initiative. Apart from this, Mr. Gogoi has great contribution in the development of healthcare facilities in his native place. He is the man behind the establishment of the 30 beded Nahoroni Rural Hospital as First Referral Unit (FRU) and Tingkhang Health sub-center or Dispensary. Sasoni Merbil Eco-Tourism Project a dream plan to fortify the Assam tourism is a pet project of Mr. Gogoi. Assam being the hotspot for tourists having enormous tourism prospects situated at the foothills of the great Himalayan range has been drawing attention of the travelers since time immemorial. Stretched out like a soaring bird, Assam is synonymous with unspoiled natural beauty, teeming wildlife, immaculate tea gardens, stupendous biodiversity and warm, beautiful people. Merbil, small river-island located in Tinsukia District is a paradise unexplored encompassed with dense forest and hot biodiversity. Mr. Gogoi could realize the potential of the place as a tourists’ destination at the right moment and left no stone unturned to make the dream come true. Today this undergoing project is being assisted and aided by the State Government along with Oil India Ltd and some other social organizations. The active participation of the local community and their all round assistance is an added and must needed exertion to the endevor. The prime attractions of the dream project would be thrilling experience of boating, 8 beautiful cottages amid nature, emporium for cottage industry products, birds’ park, etc. The project under the supervision of Mr. Gogoi promises to be an enduring contribution to the tourism sector of Assam. Apart from this, Mr. Gogoi is a proletarian writer and a fluent painter. ‘Aashahoto Hridoyor Jui’, a book on 13 BUSINESS POSITIVE poetry is written by him. Moreover, a book named ‘OILor Samaj Kalyan aru Roopantoror Sopun’ was published in his editorship. Mr. Gogoi received many awards as recognition of his contribution to the society which include- Chief Minister’s Best Community Action Award, 2005; Young Achiever’s Award, 2007 by OIL etc. He is the receipient of the Pottery Vocational Award, 2011-12. Here we present an exclusive interview of Mr. Gogoi :B.P. : People are very desperate to see you in politics. What do you say? M.M.G. : I am not interested to work for the development of people through parliamentary democratic system. I am here in this world with an urge to do something good for the society. To continue my work for the people in their camaraderie is what I want. Politics is not a business of ours. B.P. : Phylosophy of Life? M.M.G. : I would mention just one thing life is a mirror. If you are in love with your life, you will be generously enriched with the same. Honesty, Love and Tend to work good is my policy to live life. B.P. : Future Assam in your opinion? M.M.G. : ‘Sasoni Merbil Eco Tourism Project’ is a small inititive from our end in the Assam Tourism Field. I personally believe that the state has enough Tourism potentials and prospects, which alone has the ability to boost up the economy of the state. B.P. : Are you satisfied with the Panchayatiraj System in the present scenerio? M.M.G. : In my opinion, this is the best system having democratic value given by the constitution through proper implementation of which welfare of the society can be achieved at the grassroot level. B.P. : Your secret to come across despair! M.M.G. : Truly speaking, I do not feel despair. They who know how to cherish the beauty of life never go gloomy face. I cherish the life. – Business Positive Bureau, Duliajan September-2013 New Tax Administrative Reform commission for the country The central government is going to set up a tax administration reform panel to review application of tax policies and laws in the country. The Union Cabinet chaired by PM Dr Monmohan Sing approved the proposal of setting up of the new body called the Tax Administration Reform Commission. “The commission will review the application of tax policies and tax laws in India in the context of global best practices and recommend measures to strengthen the capacity of the tax system in India that would reflect the best global practices” said an official statement released after the Cabinet meeting. It also added-The Commission will help in removing the ambiguity in application of tax policy and tax laws, thereby establishing a stable tax regime and a non-adversarial tax administration. The Commission will facilitate an efficient tax administrative system that would enhance the tax base as well as tax payer base.’’ The commission will consist of a chairman, two full-time members and four part-time members of whom at least two parttime members will be from the private sector. The Chairman will be an eminent person having wide experiences of tax administration and policy making. Full time members of the commission will be one member each with a background in revenue service pertaining to Income Tax and Central Excise and Customs respectively, the statement said. – Business Positive Bureau, Delhi
  15. 15. COMPLAINTS AGAINST BANKS INCREASING RBI Ombudsman reveals T he number of complaints received by the office of the cards, ATM and internet Banking after exhausting the Banking Ombudsman for the North Eastern region is available channel with the bank concerned for redressal of increasing gradually with the office registering 807 cases his/her grievances. In addition a customer would also be able during 2012-13 against 708 cases during previous year, to lodge a complaint against the bank for its non-adherence recording a nearly 14% increase. ATM-cum-debit card and to the provisions of the Fair Practice code for lenders or the credit card releated complaints top the list of the complaints Code of Bank’s commitment to customers issued by the received by the office with 184 such cases during 2012-13, Banking Code and Standards Board of India (BCSBI). followed by 152 cases under the ‘failure of commitment’ Most of the cases of banking ombudsman were segment and 107 cases releated to general loans. Anand lodged in Assam during the Year 2011-12 and 2012-13, with Prakash, Banking Ombudsman for Northeast told it. He other state of the region still registering a very small number informed to ‘BUSINESSS POSITIVE’ that the Banking of cases. In 2012-13, 617 cases against the Banking services were lodged in Assam, whereas there were 536 such cases Ombudsman Scheme (BOS) was introduced on June 14, 1995 by the bank. Due to changing level of expectations of the in the state during the previous year. customers of various banks and the range of products offered In the Year 2012-13, 379 cases were against the SBI group, 271 cases were against other by these banks, the Scheme has undergone extensive Anyone can now directly lodge nationalised Bank and 109 cases were against changes in June 2002 (BOS the private sector Banks. their bank related complaint at VISION 2002) and December and 2005(BOS 2006). BOS 2002 To provide an inexpensive, transparent and introduce “Review credible mechanism ensuring fair treatment for also can get detail on banking common persons utilizing banking services. Authority” and “Arbitration ombudsman schemes at and Conciliation Procedure” GOALS in to the provisions of the # To enable customer facilitation and Scheme. While augmenting protection through redressal of grievance of the scope of the scheme BOS 2006 removed the above two users of banking services in the states of Arunachal major additions in BOS 2002. The BOS 2006 brought in the Pradesh, Assam Manipur , Meghalaya Mizoram, Nagaland concept of “Appellate Authority” and made the entire and Tripura in an inexpensive, expeditious, Fair reasonable Mechanism the responsibility of Reserve Bank of India. In and hassle-free manner that will provide impetus to May 2007 the scheme was amended further to enable any improved customer services in the Banking sector on a person aggrieved by an Award or rejection of a complaint for continuous basis. # To provide valuable feedback to reasons stipulated under the Scheme, to make an appeal to Reserve Bank of India towards framing of appropriate the Appellate Authority. The Scheme underwent more changes and timely regulations and guidelines to bring transparency, in February 2009 whereby Reserve Bank of India has improve the level of customer service in Banks and to widened the scope, to improve deficiencies arising out of strengthen their internal grievance redressal system. # To Internet Banking. Under the amended Scheme, a customer take appropriate measures to enhance the awareness of can now complain to the Banking Ombudsman against the the Banking Ombudsman Scheme. deficiencies in almost any banking service including credit – Business Positive Bureau BUSINESS POSITIVE September-2013 14
  16. 16. Success story An Entrepreneurial Breakthrough in First Aid Business With a determination of sailing against the waves, Suman Sarkar after completing his MBA from Tezpur University last year, rejected his campus placement in TCIL and decided to pursue his dream project imiAID- now, a company which is revolutionizing the concept of first aid kits with its patented products. The journey started after Suman won a B-plan competition held in Asian School of Business Management in Orissa. Although such ignitions generally end with the competition itself, but he decided to keep the fire alive and went ahead to patent his product during MBA itself. The product was a breath-taking concept in which he developed one time use first aid kit containing antiseptic lotion, cotton, antibiotic cream and a band aid in a size of pen drive shaped container. The product is semi-automatic and enables a person to operate his wound in less than 60 seconds. The pen drive kit is not yet launched. After passing out from Tezpur University, he along with his childhood friend Rahul Das, who also incidentally is from Tezpur University, Anwar Hussain , Mrinal Kumar Das and Rajiv Daga got together to give the product its destiny. Mr. Rajiv, who is also the owner of Adarsh Plastics had boosted this young energetic group financially and also with his own share of experience. ImiAID, presently is concentrating on its patented pocket size first aid kit, which they believe every individual must have them in their pockets. Starting from normal band aids and lotions, it contains unique items like cleansing wipe, gauge swab etc. The kit contains 21items and can be carried almost anywhere and anytime. To make the kit available to the all class of society, the box is affordably priced at Rs 120/-. Currently, imiAID is not venturing into retail sector and is concentrating with corporate clients, schools, hotels and government bodies. Within a short span since its existence, it has served Lafarge etc. with their first aid needs. Worthy to be mentioned, apart from its pocket size kit, it also manufactures large first aid kits and customizes according to need of the clients. imiAID is the only producer of first aid kits in entire northeast, with his numerous innovative products. imiAID can be contacted at and also at, Ph.+919706453135 – Business Positive Bureau 15 BUSINESS POSITIVE September-2013 Dazzle in the rich colours that capture the allure of Hollywood glamour with Oriflame More by Demi range of Lipstick and Nail Polish. Extending its association with Hollywood diva, Demi Moore, Oriflame is proud to launch in India its premium colour cosmetics collection under one of the world’s most charming and recognizable Hollywood actresses. A bold concoction of colour and style, Oriflame More by Demi Lipstick and Nail Polish is a must have range for all the style divas. Oriflame’s first ever premium lipstick with click closure feature for easy application, the lipstick is available in five fantasy shades of Hollywood Oriflame Presents More by Demi Lipstick and Nail Polish Range Red, Coral Red, Pink Drama, Cherry Delight, and Daring Brown. Smear your nails in the bold and rich colours of Oriflame More by Demi Nail Polish. With its high gloss finish and bright obsessive shades, the nail paints bring the world at your fingertips. Built to resist colour fade, Oriflame More by Demi Nail Polish is available in six lasting shades of Hollywood Red, Drama, Forbidden Burgundy, Black Red, Daring Brown and Tea Rose.
  17. 17. M, a leading ecommerce player in India announces the launch of a beauty pageant “ Ms. India and Mr. India 2013”. As its Corporate Social Responsibility, works for the cause of Save Electricity, Go Green (Save Plants, Save Earth) & Save Water in a move towards sustainable development of the country. This contest is a step ahead in creating awareness about these issues. Mr. Shakti Anand, a famous TV actor has been roped in as the brand ambassador for the pageant. The most fascinating feature of this contest is that anyone living in any corner of the country can participate online in the screening stages from the comforts of their home. Also, this is probably the only beauty pageant where the age group for participation is 18-35 years. Another fascinating feature of this contest is that a person’s marital status is not a factor in the screening process. Thus, this contest is a fantastic opportunity for hidden talents across India to participate and live their dream of winning a beauty pageant. The contest consists of six stages. The first three stages consist of objective type questionnaires on topics like Current Affairs, Hollywood & Indian Film industry, IQ assessment etc. The contestants will answer these questionnaires on In the fourth stage, the participants will submit their ‘ Ms. India and Mr. India 2013’ two minute videos where they will talk about themselves. On the basis of this, 50 contestants will be shortlisted. These shortlisted 50 candidates will then move on to the penultimate 5th stage which will consist of a subjective type questionnaire where 10 questions on different topics will be put to the contestants and they will be required to provide answers in 500 words. At the end of this stage, 10 candidates for Ms. India title and 10 candidates for Mr. India title will be shortlisted based on the points that each candidate scores in this stage. The final 20 candidates shortlisted by the jury and will then be called for the mega event which is to be held on 19th October, 2013 at Siri Fort Auditorium, New Delhi. The finalists will be required to participate in various activities like Group Discussion, Fashion Show, Dance Performance, QuestionAnswer session with the jury etc. Jury members will award points to the contestants for each activity. Apart from Ms. India and Mr. India titles, twelve other sub-titles would also be awarded. More information is available at http:// Connect with Myshopbazzar at https:// – Business Positive Bureau, Delhi BlackBerry, the global leader in wireless innovation has decided to expand its dealer network in the North-East India. The region has been a major market for the mobile companies over the years and hence, BlackBerry would take steps to tap this vast market. In an interview with Business Positive Mr Prasenjit Sen, Director-Channel Sales of BlackBerry India said, “We have seen raising demands for BlackBerry Phone’s in this north-eastern part of India. Our market share is around 4.5 percent in this region, but considering the demands for the BlackBerry products we are targeting 10 percent market share during this financial year. We will increase our presence in small towns.”Mr. Sen informed that the company has decided to increase the existing dealer network from 120 to 200 in this region. All total BlackBerry has 5000 retail points spread across the country. The high official of the company revealed that BlackBerry would introduce some new schemes in coming Puja season. However he declined to divulge more in this regard. Off course he said, “It will be a surprise package for the customers. We will introduce a new range of product in the market soon.” BlackBerry eyes the NE market BUSINESS POSITIVE September-2013 16
  18. 18. ECONOMY OF BTAD The Bodoland movement again revived with a great force for a separate Bodoland after the declaration of Telengana. The Bodo people, all the Bodo organizations are demanding a separate state, i.e, Bodoland , covering total 73 tribal blocks and belts of the state, mostly predominated by Bodo community spreading from Sadiya to Sonkosh. BUSINESS POSITIVE respects their demands and aspiration. As economic viability could never by ignored, we try analyse the economic scenerio of BTAD. Economy of Kokrajhar The economy of Kokrajhar district is based on agriculture with 80 % of the population directly engaged in agricultural activities. The district has 89782 ha or nearly 25% is net cropped area. Of the net cropped area, 18392 ha is irrigated of the geographical area of the district. Chakrashila Wildlife Sanctuary : It is a wildlife sanctuary falling under Dhubri and Kokrajhar districts of Assam. It is famous for the Golden Langur and is the second protected habitat for Golden Langur in India. Chakrashila Hill was first declared as reserve forest in 1966 and on July 14, 1994 it was recognized with the status of sanctuary by the Government of Assam. It covers an area of 45.568 km2 (4556.8 hectares). Banks : Central Bank Of India, State Bank Of India (SBI), Union Bank Of India (UBI), UCO Bank, Allahabad Bank. There is an Eri cultivitation and Eri weaving centre in Kokrajhar. Economy of Chirang The main source of economy of the district is agriculture. Soil is fertile and suitable for cultivation of various crops. More than 70% of the population is directly involved in agriculture as their livelihood. Rice is the major crop of the district which takes up 62% and 38% of cropped area during Kharif and Rabi seasons respectively. Other important A brief overview of the Industrial scenario of Baksa TYPE OF INDUSTRY UNITS INVESTMENT EMPLOYMENT (Lakh Rs.) Agro based Ready-made garments & embroidery Wood/wooden based furniture Engineering units Repairing & servicing Others 17 28 98.50387 140 13 25.86065 65 12 24 10 137 35.03300 41.32000 41.32000 909.20935 96 168 80 1113 BUSINESS POSITIVE September-2013 crops of the district are wheat, grape & mustard, jute, black gram, sesame, sugarcane, Rabi and Kharif vegetables, potato, ginger, turmeric, coconut, areca nut, pineapple, banana, citrus, black pepper, jackfruit, lemon, etc. Sericulture also plays an important role as the subsidiary income source in the offagricultural season. Industry : Bongaigaon Refinery (IOCL), Carbon/Coke Factory, A new Iron manufacturing Unit is coming up in the district, A Cold storage Unit is also under operation in the district, Gas manufacturing Unit, Champamathi Hayen Mini Hydro-Electric Prower project. Economy of Udalguri The economy of udalguri is mainly dependent on agriculture. There is no any Large Industry or mineral resources in the district. The main agriculture products of the district are Paddy, Mustured, potato etc. Off course tea is onother major agriculture product of the District. Ther are total 25 tea gardens in Udalguri viz. Chandana T.E, Tata Tea Limited/Hatigarh T.E, Panery T. E, Bhutiachang T.E, Corramore T.E, Majuli T.E, Orang T.E, Mazbat T.E, Lamabari T.E Dhansiri Irrigation Project (Major) is a run off river project envisages construction of Head work across the river Dhansiri about 500 m
  19. 19. D/S of the confluence point of river Jampani originates from Bhutan hill and river Bhairabi comming out from Arunachal Pradesh hiss. The Project aimed to provide assured Irrigation to an area of 41.683 Hect The Project has also the provision of power generation of total 20 MW capacity out of 5 No. falls of each 9.0M. drop. The famous Orang National Park And Bornodi sanctuary are situated in this district. Economy of Baksa Like other Districts of BTAD the Economy of this District is mainly dependent on agriculture. The primary agricultural products are paddy, mustard, sugarcane potato vegetables etc. Almost 80% of the work force engage in cultivation. Mushalpur is the district headquarter and hub for trade and commerce. But there are no such big industries or mineral resources in the District. A portion of the famous Manas National Park is also located in this District. The other important and mentionable place is of Baksa District are Kokilabari reserve , Tamulpur, Goreswar, Boroma etc. Potential for new MSMEs : Food Processing, Steel Furniture & Steel Fabrication, Traditional Garments, Agarbatti & Candle manufacturing, Cattle & Poultry Food, Food Preservation – Business Positive Bureau Fixed Deposits turn into “Freedom Deposits” IDBI Bank offers Higher Rates of Interest I DBI Bank has merged some of the maturity buckets and increased the Rate of Interest therein for Bank’s Domestic Retail Term Deposits (defined as deposits up to less than Rs.1 crore). Considering the unique feature of “higher return with no penalty for premature withdrawal along with assured liquidity”, these Retail Term Deposits have been rechristened as “Freedom Deposits”. The revised interest rates would be effective from August 16, 2013. The revised rates on the Bank’s Retail Term Deposits, effective from August 16, 2013, are as under: Resident Term Domestic Deposits/NRO for deposit upto less than Rs.1 Crore Tenor Interest Rate (% p.a.) 15-45 days 6.00 46 days to 200 days 8.50 201 days to 1 year 8.75 1 year 1 day to 5 years 9.00 >5 yrs-7 yrs 8.75 >7 yrs – 20 yrs 8.50 However, there is no change in additional interest payable to Senior Citizens, as well as in the rate of interest on Suvidha Tax Saving Deposit and Recurring Deposit. The interest rates for Senior Citizens are 0.50% higher for deposits from 201 days up to 20 years, including Tax Saving Deposits, as detailed below: Senior Citizen Interest Rates for deposit upto less than Rs.1 Crore Tenor Interest Rate (% p.a.) 15 – 45 days 6.00 46 days to 200 days 8.50 201 days to 1 year 9.258.25 1 year 1 day to 5 years 9.509.15 >5 yrs-7 yrs 9.25 >7 yrs – 20 yrs 9.009.75 Tenure 1 Yr – 15 months >15 months - 5 yrs >5 yrs-7 yrs >7 yrs – 10 yrs Recurring Deposit Normal (% p.a.) Senior Citizen (% p.a.) 8.75 9.25 9.00 9.50 8.75 9.25 8.50 9.00 IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1113 branches and 1,856 ATMs. The Bank has an aggregate balance sheet size of Rs.2, 87,790 crore and total business of Rs.3, 62,222 crore as on June 30, 2013. IDBI Bank’s operations during the Quarter ended June 30, 2013 resulted in a net profit of Rs.307 Crore. – Business Positive Bureau BUSINESS POSITIVE September-2013 18
  20. 20. The NE is a vast potential market : Takashina Buoyed by Nikon’s response from Indian market, Nikon has decided to increase its presence in Tier-II and Tier-III cities in the country. The North East has emerged as vast potential market for the imaging technology giant. In the words of Mr. Hiroshi Takashina, Managing Director of Nikon India Private limited, “The Northeast India is a vast potential market sector. We have witnessed a significant growth in the NE market and we want to keep the growth momentum intact. Our market share in compact camera segment is around 30 percent while in D-SLR segment the figure is 55 percent in the Northeast market. As this region has been a key market for us we are planning to open more dealer points in NE during the current financial year.” Already the company has opened its COOLPIX zones in all the major cities of NE and the country as well. The COOLPIX zone showcases the entire range of Nikon COOLPIX cameras and select range of D-SLR Camera to the customers. ‘Health with every meal’ - Oleev Active shows the new way! Modi Naturals Ltd., one of India’s leading companies in FMCG Industry, has recently launched a new variant in the Healthy Oil category –‘Oleev Active’ in Guwahati. Oleev Active is a unique blend of Olive Oil and Rice Bran Oil especially created to fulfill the demands of modern lifestyle. Rich in nutrients, Oleev Active gives the benefits of Olive oil for everyday Indian cooking. It reduces production of bad cholesterol in blood and prevents lifestyle diseases like diabetes, heart ailments, obesity and cancer without compromising on the taste of the meals. Moreover, the absorption of oil is less with Oleev Active thus making the food lighter, healthier and tastier. 19 BUSINESS POSITIVE Mahindra honours dealers across India Mahindra First Choice Wheels Ltd. (MFCWL), recently honoured its dealers from across the country at its annual Dealer Performance Excellence Awards 2013 held in Mumbai. Anand Mahindra, Chairman and Managing Director, Mahindra Group, graced the occasion, along with Rajeev Dubey, President (Group HR, Corporate Services and AfterMarket) & Member of the Group Executive Board, Mahindra & Mahindra Ltd. and Nagendra Palle, CEO, Mahindra First Choice Wheels Ltd. This year, MFCWL celebrated its F13 performance with 21 dealers who qualified for 25 awards in 7 categories. In light of aggressive growth in the network and volume, these awards are testimony to the high performance delivered by MFCWL dealers across India. The 21 dealers received awards in several categories, including Highest Retail Sales Volumes, Warranty Excellence, Certification Excellence, Best Customer Satisfaction and National X-Mart Performance. AutoMaxx, Thane was adjudged the Best Dealer overall, with Focuz Car Mart, Kochi and Auto Leads, Kathua in second and third place, respectively. Aside from awards for the Top 3 All India dealers, there were also awards for various zones. “My congratulations to all those who have received awards. The fact that Mahindra First Choice Wheels has outperformed the new car market in terms of growth is testimony to the hard work and commitment of our dealers through the years” said Anand Mahindra, Chairman and Managing Director, Mahindra Group. Today, in India, it is estimated that used car sales outstrip the sales of new cars by a factor of 1.2:1. The used car market is projected to grow at a 22% CAGR to a level of close to 8 million units by FY17. At this size, it would be 1.8 times the new car market which would still be lower than the used car to new car ratio in other developed geographies like the US and Europe. September-2013