FICCI Knowledge Papers for 2012-13


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FICCI Knowledge Papers for 2012-13

  1. 1. KNOWLEDGE PAPERS2012-13
  2. 2. India Football - The Rising Billion*Dispute Resolution in Tax Matters: A DiscussionPaper*Abstract: FICCI has taken up the responsibilities to bridge theknowledge gaps to aid the football development in India andto share the real time and up to date information aboutongoing initiatives.India Football: The Rising Billion is the fourth in seriesknowledge paper on business of football in India released atthe Soccerex European Forum, Manchester, UK on 11 Apr, 2013. Thispublication is relevant and useful for Indian and international footballcommunity with the interest in developing Indian football. It presents anoverview of market forces and public sentiments around the football in thecountry with dedicated chapters to initiatives by national and internationalapex bodies, besides strategic investments by Corporates from India andabroad including leading premier league clubs.It gives relevant and up to date information to investors and internationalexperts to become the stakeholders in growing Indian football sector andtake first mover advantage in this long term development process as thereare a multitude of opportunities for experts, educational groups andcorporates to make profound and lasting difference to the future of Indianfootball.Forging India Germany partnerships in skill developmentreport was released by Hon. Union Minister for HRD Mr.Pallam Raju at Berlin on 10th April 2013, on the sidelinesof Indian PM visit to Germany. This report focuses on thepartnerships between Indian and German skill providerson various fronts. The report captures key partnerships,MoU’s ,Joint projects between the two countries andprospects of future collaboration.One of the key concerns of our constituents today is theprolonged litigation on tax matters and the time it takes toresolve a dispute. At the same time substantial revenues getlocked up in disputes; some of which could have otherwiseaccrued to the receipts of the Government.In the above backdrop, FICCI has taken the initiative toanalyse the existing system of resolving disputes between the taxpayers andthe tax administration, identify the shortcomings and suggest possiblemeasures which could expedite the dispute resolution in a fair andtransparent manner and consequently lessen the hardship of the taxpayers.“Dispute Resolution in Tax Matters” is a discussion paper published by FICCIrecently and submitted to the Finance Minister on 9th April; 2013. Thepaper is aimed at initiating a discussion which could result in acceptablemeasures to improve the existing Dispute Resolution Mechanism in directand indirect tax matters. India-Germany Partnerships in SkillsDevelopment*Towards the GST - An Approach Paper*India as A Hotspot For Inbound Tourism –reigniting destination appeal*Abstract: In order for a fundamental fiscal reform, such as theGST, to succeed, it is imperative that all stakeholders are fullyon board and are in agreement with the underlyingproposals. Under these circumstances, it is appropriate andindeed obligatory for us to share our thoughts on variousaspects of the GST positively and proactively with theGovernment of India and the Empowered Committee, sothat these may be considered and deliberated upon, before finalising thedual GST in all its dimensions.In the aforesaid backdrop, FICCI had organised an Interactive Session onGST with Mr. Sushil Kumar Modi, Hon’ble Deputy Chief Minister of Bihar onApril 22, 2013 at Mumbai and also released a document “Towards the GST– An Approach Paper” on this occasion. The document lists out some keyissues concerning GST and FICCI’s viewpoint thereon. The issues coveredinclude the rates of GST, threshold limits for exemptions, the administrativeset up, the transition arrangements for switch-over to GST, the IT Systemsnecessary for data capture etc.Both the documents viz. “Dispute Resolution in Tax Matters” and “Towardsthe GST” are accessible on FICCI’s website.Abstract: The Paper talks about Demanding operationalclarification and clear distinction at the central level, theStudy urges amendment of the Prize, Chits and MoneyCirculation Schemes (Banning) Act, by:(a) First, defining Direct Selling including Multi-levelmarketing.(b) Second, there needs to be an explicit qualification explaining that directselling is not to be interpreted as a money circulation scheme.(c) Third, a Pyramid scheme has to be defined, so that people know what isbeing prohibited. This will protect direct selling companies, protectconsumers and facilitate enforcement.Overall, India needs a more systematic policy on DS that is based on its ownconstitutional structure and also the realities and idiosyncrasies of the Indianeconomy.The study examines the Inbound tourism scenario and theinitiatives undertaken by the Ministry of Tourism,Government of India as well as the marketing andpromotional initiatives undertaken by the various states. Thekey messages and recommended policy actions given in thereport to promote foreign tourist arrivals in India are focus oninnovative marketing campaigns and tourist facilitationservices, waive tourist visa fees in targeted destinations, Improvingdestination connectivity, wayside amenities and security, Standardization ofrates and fares, concerted efforts to offer value for money, Rationalizationof the tax structure and licensing regime, Extending the infrastructure statusto all hotels and tourist accommodation units and single windowclearance. selling in India: Appropriate Regulation Isthe Key** Free Report ** Paid ReportKNOWLEDGE PAPERS2012-13
  3. 3. Integrating MSMEs with the Global Value Chain*Knowledge Paper Released during the Conference"Poly India 2013”*FICCI MSME Summit 2013 is positioned to address the themeof "Integrating MSMEs with the global value chain". In orderto highlight the imperatives of becoming a part of the globalvalue chain as well as the opportunities to align MSMEs’operations and processes with the value chain, the “FICCI-Grant Thornton Report” highlights specific models andapproaches that MSMEs could explore to plug into newmarket opportunities. The report also provides an insight intoinnovative marketing tools, along with ways in which traditional strategiescould be sharpened as companies strive to become globally competitive. Togauge the Indian business environment vis-à-vis its ability, need andintention to become a part of the Global Value Chain, Grant Thornton andFICCI also undertook a survey covering a number of Indian MSMEs. Model of Service Delivery and MSMEAnalysis of select cases in India*India & Sub-Saharan Africa: Mirage of Perceptions*In November 2010, FICCI had joined hands with GIZ – SIDBIfor a project on “Serving MSME Serving India” within theframework of MSME Umbrella Programme beingimplemented by GIZ and SIDBI. This report analyzes thebusiness model of a selected list of those businessdevelopment service (BDS) providers in India, which focusedon delivering nonfinancial business development services tothe MSMEs in India. The objective of this report is to identifythe key operating principles for the BDS providers in creating selfsustainable and scalable business models focused on the needs of theMSMEs.Plastic industry is making significant contribution to theeconomic development and growth of various key sectors inthe country namely: Automotive, Agriculture, Construction,Electronics, Healthcare, Textiles, and FMCG etc. The sectorhas been growing at a very good pace at above 10% for thepast many years and is also highly employment intensive.With a turnover of above Rs.90,000 crores and employingabove 3.5 million persons (both directly and indirectly) thesector is making good contribution to the national economy. Theengineering plastics industry has evolved significantly in the past decadewith rapid increase in applications of high performing engineering resinswith enhancing properties, such as strength, high weather resistance, lightweight and high workability. This segment of industry has huge potentialfor growth waiting to be tappedIndia has emerged as one of the world’s growth engines.While growth in the recent past is much celebrated, it has notpercolated to the larger masses. Sub-Saharan Africa has alsobeen growing fast since the last decade and has drawnoptimism from many. But associations of poverty, instability,corruption and civil strife etc. have continued to mar theperceptions about the region in the minds of the largerpopulation in South Asia. This commentary is an effort tocompare India and Sub-Saharan Africa to show that certain Sub-SaharanAfrican countries fare better than India in terms of the select few socio-economic indicators. The article aims at stirring discussions about theignorance about Africa and changing the general sense of pessimismaround African socio-economic developmentKnowledge and Strategy Paper on TechnologyUpgradation in Chemicals & PetrochemicalsIndustry*The Indian chemical industry is an integral component of theIndian economy with Key linkages to downstream industriessuch as automotive, textiles, consumer durables,engineering, food processing etc. The industry produces andsupplies more than 80000 products. The domestic demand israpidly increasing, and is being fuelled by approx. 200 millionIndian middle class consumers. The New National Manufacturing Policy hasset the target of increasing the share of manufacturing in GDP to at least25% by 2025 (from current 16%). The Indian Chemical industry needs to beglobally competitive as also sustainable. And for that to happen it needs toadapt latest technologies which are water/energy efficient as also green andsafe. The chemical industry in the coming decades has to promotesustainable development by investing in technologies that protectsenvironment and stimulates growth while balancing economic needs andfinancial constraints. This Knowledge Paper gives special focus to thisaspect.The Background Paper for the BRICS Business Forum Meeting2013 delves into the economic aspects of the grouping whichhas established a firm foothold in the global economy in thelast decade. The Paper provides an insightful approach intothe economic dynamics of Brazil, Russia, India, China andSouth Africa which command almost 27 per cent of theglobal gross domestic product in purchasing power parity terms and 20 percent of global gross domestic product in nominal terms.Global FDI flows into the BRICS countries increased from US$ 232 billion in2010 to US$ 280 billion in 2011, which is almost 18 per cent of total globalFDI flows, while outward FDI flows was to the tune of US$ 145 billion. Intra-BRICS trade grew by nearly 30 per cent in 2011 to touch US$ 275 billion.The Paper suggests several areas of fruitful cooperation amongst the BRICScountries like agriculture, infrastructure, healthcare which if tapped cancatapult the grouping into more influential orbits.Maize is the most widely distributed crops of the world. Maizeranks first in world production followed by wheat and rice. Itis being widely used for food, feed, industrial raw materialand ethanol production. India ranks sixth in global maizeproduction, contributing 2.4% of world production,however, the country lags far behind in productivity. It isunderstood that with the increasing demand for value added foods &industrial requirements, maize will hold its share as an important cerealcrop. Besides highlighting the potential and opportunities in the country,the report also focus on major technological breakthroughs in maizecultivation. Paper for the BRICS Business ForumMeeting*Maize in India 2013** Free Report ** Paid Report
  4. 4. Background Paper: Interactive Meeting withMr. Ajay Maken, Honble Minister for Housing &Urban Poverty Alleviation, Government of India*FICCI Working Paper on Health Insurance Fraud*As per the report of the Technical Group on Urban HousingShortage (2012-17) constituted by the Ministry of Housingand Urban Poverty Alleviation, Govt. of India, there is ashortage of 18.78 million dwelling units in India. Housing andconstruction sector is the second largest employmentgenerating sector in India and provides employment to morethan 35 million people.If given proper impetus, the sector can become one of the significant driversfor the ‘double digit’ growth. The background paper throws light on someof the key issues which are impacting real estate industry and suggests somesolutions to the challenges.Today Indian Legal Industry faces challenges fromunscrupulous traders and manufacturers who are indulgingin smuggling and counterfeiting activities. This jeopardizesthe interest of consumers, legal industry, and the governmentas they end up robbing these stakeholders in one way oranother. Internationally too this has been a well establishedand quantified menace which has grown rapidly in the last decade.In India, there has been no authentic research or data available on thisgrowing activity which can seriously harm the Indian economy. In order todetermine the size of the problem, FICCI CASCADE (Committee AgainstSmuggling and Counterfeiting Activities Destroying the Economy) hadassigned TARI (Thought Arbitrage Research Institute) to conduct a researchstudy based on secondary government data in seven sectors.These sectors are Alcohol, Tobacco, FMCG (Packaged Food), Mobiles,FMCG (Personal Care), Computers, and Automobiles. On December 20th,2012, FICCI CASCADE released the findings of TARI on this issue and theyhave quantified that the government loses INR 26,190 crores and thelegitimate industry loses 1,00,00 crores in these 7 sectors along withPharmaceuticals because of this illegal activity.Abstract: The working paper on “Health Insurance Fraud”developed by the FICCI taskforce on the subject encompassesthe definitions of fraud and abuse, different parties involvedin various types of health insurance fraud, triggers thatrepresent possible presence of abuse and fraud and theactions that could be considered at various levels.The paper also captures the issues concerning inadequate legal provisionsand concerning code of conduct for medical practitioners. The ideaspresented are categorized into one of three broad areas: ProcessImprovements and Modifications; Industry Intervention; and Government &Regulatory action”. Impact of Counterfeiting,Smuggling and Tax Evasion in Seven Key IndianIndustry Sectors*FICCI Report on FDI in Retail*ACCESS TO Medicines & Global Outreach SUMMIT*Abstract: While the impact is expected to be significantinvestments in infrastructure and supply chain, andchallenges on job losses may be over stated. The objective ofthis discussion note foreign direct investment (FDI) regulationin retail from opening up of FDI in retail for variousstakeholders this note includes secondary literature review,Booz & Company analysis and a study of case studies on impact of FDI inretail in other emerging marketsAbstract: This White Paper showcases the dynamics of Indiasengagement with ASEAN; the economic, social, and politicalimportance of their cooperation; and its consequences andhighlights opportunities offered by this relationship, fordecisions on trade & investments.With Indias Looks East policy post-economic liberalization,this relationship has made great progress. ASEAN has become one of Indiaslargest trading partners in recent years with trade growing from US$ 10.2billion in 2000 to US$ 76.4 billion in 2011. A majority of India-ASEAN tradeis with Indonesia, Malaysia, Thailand, Singapore, and Vietnam. In 2011Indonesias share of imports was the highest at 34% of Indias total importsfrom ASEAN, followed by Malaysia (22%), Singapore (20%), and Thailand(13%). Though there has been a large increase in trade flows, there is stillpotential for enhancing trade cooperation between India and ASEAN.Some of the sectors identified for Trade include Tourism, Agriculture, Health& Pharmaceuticals, and Information Technology.Singapore and Indonesia are important sources of FDI inflow for India.Singapores investment value in 2010 was US$ 2.1billion, only afterMauritius. On the other hand, though India is not one of the largestinvestors in ASEAN nations, FDI outflows to ASEAN has seen a 200%growth in 2010, showing great scope for expansion. Huge opportunitiesexist for following sectors as elaborated in this white paper: Agriculture,Chemical, Manufacturing Goods and Services. The report also highlightsother forms of engagement including physical and institutional"Connectivity". With the on-going restructuring of economic activities,physical connectivity is essential for the economic and financial integrationof India and ASEAN. People-to-people connectivity via media and otherforms of communication can help community groups, academicinstitutions, and arts and cultural institutions. Cooperation in the areas ofphysical, digital, financial& media "connectivity" throws open, hugeopportunities for businesses in India & ASEAN as elaborated herein. Forging Partnership for EconomicIntegration**Abstract: FICCI - Frost & Sullivan report on “Access toMedicines & Global Outreach” was released during “IndiaPharma Summit 2012”.It suggests that with the high costs of healthcare, it isimperative to have financial protection in form of insurance,which is the way forward to ensure accessibility of healthcareservices and medicines in a Public-Private Partnership (PPP) model.Also, as developed countries have taken keen interest in generic medicinesdue to increasing healthcare expenditure, it is important to create policiesfor generic medicines for an early market access and global outreach.* Free Report ** Paid Report
  5. 5. * Free Report ** Paid ReportKnowledge Paper: Developing Indian CapitalMarkets - The Way Forward*FICCI-Entertainment Lawbook*Abstract: The Knowledge paper is a compendium of papersby members of FICCI’s Capital Markets Committee. Thepapers aim to analyse and suggest solutions for key issuespertaining to the primary and secondary markets, thechallenges for insurance companies, asset managementcompanies and private equity companies as investors,corporate finance and corporate governance matters andmeasures to enhance retail participation . FICCI’s endeavour is to build onthis further and develop a concrete road map for the sector’s progress.The Knowledge Paper comprises important papers including:• Theme Paper –‘Developing Indian Capital Markets- the Way Forward’• Current Status of Primary Market• Delisting Regulations• Investors’ Perspective• Potential of Indian Capital Market: The Road Ahead• Volatility – The New Investment Paradigm• Capital Market – Need for active retail participation• Pricing of preferential placements to institutional investors• India and the Changing Dynamics in Global Business Financing• Time to complete Unfinished Reform of Takeover Law• Corporate Bond markets-Overview/Issues/Way forward• Financial Sector Reforms: The Need for ChangesThis report was prepared to give a brief description of thechallenges and opportunities in India’s urban infrastructuresector to foreign companies intending to invest in India. Itoutlines the urbanisation trend, challenges and issues facedby urban India, Jawaharlal Nehru National Urban RenewalMission (JNNURM), projects eligible for JNNURM fundingand urban infrastructure investment requirement sectorwise for 2012-2031. It also projects the humungousinvestment opportunities for private sector in sectors likewater supply, sewerage, solid waste management, urbantransport, storm water drains, affordable and low cost housing, technologyand governance and R&D in urban infrastructure. It outlines the significanceof building inclusive and sustainable Indian cities for future generations andbriefly states the opportunities for private sector in India’s biggest urbandevelopment project - the Delhi-Mumbai Industrial Corridor (DMIC) project.The entertainment Law book jointly published by FICCI andAmarchand Mangaldas, a leading law firm of India delvesdeeply into the regulatory aspect of the entertainmentindustry. This comprehensive report, a must for allpractitioners in this field covers the areas of BroadcastRegulation, Venture Capital and Film Finance, Co-productionTreaties and Agreement, Digital Rights Management andDelineation of Film Rights Copyright and many more Topics• Anti Camcorder Piracy Laws in India• Trade Secrets and Confidential Information• Restriction on Online Freedom of Speech- Where Do We Draw the Line?• Interconnection – Issues with Respect to Carriage and Placement• Digitisation of Cable Network• The CCI and the Box Office• Resident evils of Indirect Tax- 2013-05-08• Censorship of Films on “Urban Development in India –Challenges and Opportunities”FICCI-Entertainment LawbookIndustrial Relations & Contract Labour in India*Water Use and Efficiency in Thermal Power Plants*Abstract: Contract labour is a growing form of employmentand is prevalent across all the sectors. Though, there is noprecise estimate on the number of contract labourersemployed in India but they constitute a substantial segmentof the workforce. Many a times, they are considered as themost exploited segment of workers, therefore, opinion varyon their employment. Though, Trade Unions are demandingcomplete abolition of contract labour system, industry needsit to respond to changing market scenario. Due to Government’s policy ofabolition of Contract Labour from one operation to the other, industry isfinding it difficult to engage extra hands to discharge short-term contractincluding export commitments; as a result, employment generation is alsosuffering. Industry at the same time supports payment of fair wages andcoverage of contract labour under various social security programmes.The All India Organisation of Employers (AIOE), an allied body of FICCI, hascome up with an approach paper on the status of industrial relations andcontract labour in India and has put forward the followingrecommendations to address the contract labour issue.• Creating Central and State Contract Labour Boards• Contractors be treated as a separate establishment• A single point collection of social security contributions from the industryand mechanism of full compliance of all statutory requirements• Issuing ‘smart card’ to each contract labour, indicating his skill and socialsecurity membership• Payment of additional 4.81% contribution as gratuity to be paid byindustry in addition to EPF and ESI contributions.• Skills level be considered during wage fixation.• Payment of 20 per cent above the minimum wagesThe Planning Commission FICCI-E Y Report 2012 “HigherEducation in India: Twelfth Five Year Plan (2012-17) andBeyond” has looked at how the quality of higher educationcan be enhanced by focusing on some key levers such asmerit-based student financing, international alignment,enablement of an advanced research environment, high-quality faculty, improved technology, and partnerships withacademia, the industry and the Government. The report alsoshowcases several examples to demonstrate how these levers have beeninnovatively used to boost the quality of teaching and learning, and theiroutcomes in those institutions.Abstract: The thermal power sector accounts for the highest water useamongst all industrial sectors. Rising power demand willmean greater generation; this in turn would lead to highwater consumption. The report Water Use and Efficiency inThermal Power Plants highlights some of the best practicesadopted by the industry in minimizing freshwater intake. Thecase studies included in the publication demonstrate theefforts of Indian power companies who have undertakenlarge scale measures on water conservation throughrainwater harvesting and reduced their fresh water intake throughdesalination and wastewater treatment and reuse.The government has played a transformational role instepping up investments in agriculture by implementingvarious flagship programmes, reforms etc. On the other handPrivate sector is also playing a significant role in improvingproductivity & farming returns though at small scale. A rightpolicy framework is needed to broad base these initiativesinto a nationwide systems. Corporate Interventions in IndianAgriculture is an attempt to showcase the successful case studies whichembarks the exemplary work done by Corporates in the Agriculture sector. Education In India: Twelfth Five Year Plan(2012-2017) And Beyond*Corporate Interventions in Agriculture*