Newsletter dated 2nd September, 2015

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Pleasure in the job puts perfection in the work....”
Law Updates:
 The Controller General of Patents, Designs and Trade Marks has issued
new guidelines for issuance of computer-related inventions, which
could make it easier for IT companies in the country to register a
patent. The guidelines, issued on August 21, allow companies to show
innovation in just software, rather than in both software and hardware
as was previously required.
 Vide Notification ref RBI/2015-16/168DPSS (CO) RTGS No.492/
04.04.002/2015-16 dated September 1, 2015, RBI clarified that RTGS
system will not be operated on second and fourth Saturdays with banks
observing public holiday on that days. However, the system will operate
for full days on other Saturdays of a month.
 The government accepted the recommendations of Shah Panel that
minimum alternate tax (MAT) is not applicable to foreign institutional
investors (FIIs) and hence, no retrospective MAT on FIIs shall be
applicable.
 India Announces New Partnership to Accelerate Financial Inclusion for
Everyone. Government of India joins the United Nations' Better Than
Cash Alliance to share success stories from the world's largest financial
inclusion programme.
PROFESSIONALS INPUTS:
 Vide Notification ref G.S.R. 635(E) dated 17th August, 2015, Govt.
notifies norms for annual reporting and returns to be filed by Pension
Fund Authority.
 Vide notification ref F.No IRDAI/ Reg/10/100/2015 issued by IRDAI,
IRDA notifies norms on maintenance of insurance records.
 Vide Notification No. F.3(352)Policy/VAT/2013/625-36 Dated
31/08/2015 issued by DVAT, it is clarified that the hat the Form DP-1
shall be submitted online by all the dealers latest by 30/09/2015.
 RBI issued draft guidelines on Tuesday for its proposed plan to change
how banks calculate their lending rates, which would make them more
responsive to monetary policy actions but would likely be opposed by
the sector.( Press Release : 2015-2016/553 dated Sep 01, 2015)
MARKET WATCH:
SENSEX: 25718.09 21.65 NIFTY: 7795.50 9.65
SILVER: 34300.00 -211.00 GOLD (MCX): 26759.00 -74.00
USD/INR: 66.26 0.07 CRUDE OIL: 2961.00 -97.00
CS Rajiv Bajaj
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Date: 2nd September, 2015

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RAJSHREE PATHY,
Chairperson & Managing Director, Rajshree
Sugars and Chemicals;
Founder, India Design Forum
“I don't let the child in me die.”
Rajshree Pathy is more than a celebrated businesswoman
from Coimbatore.
A sugar baron; the first woman President of Indian Sugar
Mills Association; recipient of the Global Leaders of
Tomorrow from the World Economic Forum, Switzerland; former Chairperson of CII National Committee
on textiles; an avid pursuer of food and agro business; energy; real estate, travel; health; hospitality and
arts... Rajshree Pathy dons multiple hats with ease.
EARLY LIFE:
Rajshree Pathy is the daughter of famous industrialist G. Varadaraj, of PSG Group. Her father was also a
former Rajya Sabha MP. She is married to S. Pathy, chairman and managing director of Lakshmi Mills.
She is as chirpy as a 16-year-old even in the midst of a demanding timetable. But, as a child, Rajshree was
quiet, nervous and cocooned; awestruck by the happenings at home. Father G. Vardaraj — industrialist,
Parliamentarian, educationist and philanthropist — met stalwarts from various fields and young Rajshree
was present at these meetings. It made her strong from within and curious about everything. She is also
curious of reading a lot and her friends named her „encyclopaedia'.
She is a commerce graduate and an alumnus of the Owner President Management Programme of the
Harvard University, USA.
CAREER PROFILE:
Based out of Coimbatore, Pathy has managed to carve a unique identity for self, not as someone's wife or
daughter, but as an independent woman.
Rajshree didn't want to go into the family business but wanted to do a degree in architecture from the U.S.
but her parents didn't want to send her so far. When 17, she married industrialist S. Pathy. As time went
by, Rajshree worked in her father's retail business (selling cars, jeeps and vans, as she defines it) and then
moved to textiles. Interestingly, when she got the license for the sugar business, her father wasn't
interested, as he wanted to establish a medical college for philanthropic reasons. But she went ahead
coping with both a growing family and the sugar factory.
Under her leadership, the Rajshree group of companies has grown to include Travel, Natural Health Care,
biotechnology and education in the field of visual art and design.
Pathy is best known for her sponsorship and lobbying for the ethanol blending programme and under her
presidentship, ISMA signed a tripartite agreement binding oil companies and sugar factories all over the
country.
The India Design Forum (IDF) was founded by well known business woman, art collector and design
aficionado Rajshree Pathy and her daughter Aishwarya Pathy in 2012. It is one of the most prominent and
influential design platforms in India. The IDF is an interdisciplinary platform on design which promotes a
dialog on the core issues impacting our society and how they can be tackled with good design examples
and solutions.
AWARDS AND ACCOLADES:
She was the first woman President of Indian Sugar Mills Association (ISMA) (2004-2005). She was the
President of the South Indian Sugar Mills Association (SISMA), (1995-1997) & (2007-2009), the premier
association of sugar factories in South India. She has contributed to the sugar industry's growth and
government policies by being part of the Confederation of Indian Industry. As the Vice Chairperson of the
National Committee on Sugar, she has pushed for wide sweeping reforms in the heavily controlled
industry. Her dynamic role in industry has been recognized in her selection as one of the hundred “Global
Leaders for Tomorrow” for 1996 by the World Economic Forum, Geneva. She was awarded the
Eisenhower fellowship in 2000. She was also awarded Padma Shri in 2013 by Government of India.