This document provides summaries of multiple statements from FICCI (Federation of Indian Chambers of Commerce & Industry) on various economic issues:
1) FICCI comments on the RBI's decision to cut interest rates, saying the cut could have been deeper to provide more support for growth given low inflation and weak private investment.
2) FICCI applauds initiatives launched by the Prime Minister like AMRUT, the Smart Cities Mission and Housing for All, which will help plan and develop cities properly.
3) FICCI will support the government's objectives for the Swachh Bharat Mission and facilitate activities to achieve an open defecation free India through community involvement.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The CII Communique comes to you this month with a new look and presentation. From this issue onwards, you will continue to see changes in the style, design and content of our monthly magazine. Our endeavour is to offer you more features that are relevant and tailored to industry readers, and share innovative ideas for industry growth and success. Each edition would present novel business models, new CII initiatives, and contemporary issues to meet your information needs in a dynamic world.
The Indian Manufacturing sector is at an important juncture today. Of late, the sector has been witnessing a boost with the launch of the “Make in India Campaign” that aims at promoting India as an important investment destination and a global hub for manufacturing. Since the last one year, there has been much activity, both at center and state levels, in the form of policy amendments, procedural simplifications and promotional measures to revive manufacturing growth.
Over the next decade, the performance of the manufacturing sector will be critical for achieving India’s overall aspirations of growth and employment. Achieving these aspirations would not be easy and will require coordinated efforts to develop necessary enabling infrastructure, tap new avenues for growth and improve labour and capital productivity. It will also require to take a holistic and systemic view to bring in some fresh thinking and alignment between different stakeholders. CII has been strongly advocating for creating an enabling policy and regulatory framework for taking India’s manufacturing story forward.
This issue of Policy Watch takes an in-depth look at the sectoral issues and has outlined some specific recommendations to reinvigorate the growth momentum in the Manufacturing sector.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The CII Communique comes to you this month with a new look and presentation. From this issue onwards, you will continue to see changes in the style, design and content of our monthly magazine. Our endeavour is to offer you more features that are relevant and tailored to industry readers, and share innovative ideas for industry growth and success. Each edition would present novel business models, new CII initiatives, and contemporary issues to meet your information needs in a dynamic world.
The Indian Manufacturing sector is at an important juncture today. Of late, the sector has been witnessing a boost with the launch of the “Make in India Campaign” that aims at promoting India as an important investment destination and a global hub for manufacturing. Since the last one year, there has been much activity, both at center and state levels, in the form of policy amendments, procedural simplifications and promotional measures to revive manufacturing growth.
Over the next decade, the performance of the manufacturing sector will be critical for achieving India’s overall aspirations of growth and employment. Achieving these aspirations would not be easy and will require coordinated efforts to develop necessary enabling infrastructure, tap new avenues for growth and improve labour and capital productivity. It will also require to take a holistic and systemic view to bring in some fresh thinking and alignment between different stakeholders. CII has been strongly advocating for creating an enabling policy and regulatory framework for taking India’s manufacturing story forward.
This issue of Policy Watch takes an in-depth look at the sectoral issues and has outlined some specific recommendations to reinvigorate the growth momentum in the Manufacturing sector.
The Media and Entertainment industry has been the powerhouse of creative talent in India for several decades. The Media industry has added over INR 50K crores in output in the last five years and is at INR 130-135K Crores in 2017. Taking into account the indirect and induced benefits to the economy the total industry size is ~INR 450K Crore with a contribution of 2.8% to GDP. The industry also employs, across both formal and informal sectors 1-1.2 million people, contributing significantly to India's job creation.
India’s chemical industry contributes approximately 7% to the country’s GDP and accounted for ~13-14% of the total Indian exports in 2015. The Indian chemical industry accounts for ~4% of the global chemical industry. Indian chemical industry is currently estimated at ~USD 151 billion (including pharmaceuticals) and has been growing at 9.8% CAGR over the past three years. The demand growth is expected to primarily be fuelled by domestic consumption because per capita consumption of most of the chemicals is much lower than global averages. Moreover, with a strong outlook for key end user industries, the demand for chemical products is expected to surge in the coming years.
The vision statement of official website, www.makeinindia.gov.in commits to achieve, among other things, an increase in manufacturing sector growth to 12-14 % per annum over the medium term, increase in the share of manufacturing in the country’s Gross Domestic Product from 16% to 25% by 2022 and importantly to create 100 million additional jobs by 2022 in the manufacturing sector alone.
In recent times, Indian Industry has started practicing Innovation as a business strategy which is great step towards making India an Innovation-led economy. Innovation is a much discussed topic now in different Government and private forums across all sectors.
It has been widely realized by various stakeholders that the Indian model of innovation has to be Inclusive innovation, with even the National Innovation Council (NInC) set up by the Government also promoting this concept actively. More and more companies are also trying to inculcate inclusive innovation approaches in their business and are striving to achieve sustainable growth over a long term period.
Confederation of Indian Industry (CII) has always been the proponent for growth of Indian industry and has been supporting the industry to weather unstable economic environment with the application of innovation, to benefit all sections of the society.
This issue of Policy Watch focuses on an urgent need for the Indian industry to focus and practice inclusive innovation model in their business and also outlines some specific recommendations to achieve the same.
This presentation is pertaining to the make in India intitative which had took since few months ago,I given brief information about the event,Its probable contribution to GDP,FDI & Export promotion in the country.
Gujarat Industrial Policy, 2020 - "Atmanirbhar Gujarat"
Incentive for Relocation of Industries from other countries due to COVID-19 disruptions. Incentive/support for Large, MSME's, Startups, Industrial Infra, R & D and EoDB.
#msmes #Gujarat #industrialdevelopment #startupindia #subsidies #incentives #businessadvisory
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
The Media and Entertainment industry has been the powerhouse of creative talent in India for several decades. The Media industry has added over INR 50K crores in output in the last five years and is at INR 130-135K Crores in 2017. Taking into account the indirect and induced benefits to the economy the total industry size is ~INR 450K Crore with a contribution of 2.8% to GDP. The industry also employs, across both formal and informal sectors 1-1.2 million people, contributing significantly to India's job creation.
India’s chemical industry contributes approximately 7% to the country’s GDP and accounted for ~13-14% of the total Indian exports in 2015. The Indian chemical industry accounts for ~4% of the global chemical industry. Indian chemical industry is currently estimated at ~USD 151 billion (including pharmaceuticals) and has been growing at 9.8% CAGR over the past three years. The demand growth is expected to primarily be fuelled by domestic consumption because per capita consumption of most of the chemicals is much lower than global averages. Moreover, with a strong outlook for key end user industries, the demand for chemical products is expected to surge in the coming years.
The vision statement of official website, www.makeinindia.gov.in commits to achieve, among other things, an increase in manufacturing sector growth to 12-14 % per annum over the medium term, increase in the share of manufacturing in the country’s Gross Domestic Product from 16% to 25% by 2022 and importantly to create 100 million additional jobs by 2022 in the manufacturing sector alone.
In recent times, Indian Industry has started practicing Innovation as a business strategy which is great step towards making India an Innovation-led economy. Innovation is a much discussed topic now in different Government and private forums across all sectors.
It has been widely realized by various stakeholders that the Indian model of innovation has to be Inclusive innovation, with even the National Innovation Council (NInC) set up by the Government also promoting this concept actively. More and more companies are also trying to inculcate inclusive innovation approaches in their business and are striving to achieve sustainable growth over a long term period.
Confederation of Indian Industry (CII) has always been the proponent for growth of Indian industry and has been supporting the industry to weather unstable economic environment with the application of innovation, to benefit all sections of the society.
This issue of Policy Watch focuses on an urgent need for the Indian industry to focus and practice inclusive innovation model in their business and also outlines some specific recommendations to achieve the same.
This presentation is pertaining to the make in India intitative which had took since few months ago,I given brief information about the event,Its probable contribution to GDP,FDI & Export promotion in the country.
Gujarat Industrial Policy, 2020 - "Atmanirbhar Gujarat"
Incentive for Relocation of Industries from other countries due to COVID-19 disruptions. Incentive/support for Large, MSME's, Startups, Industrial Infra, R & D and EoDB.
#msmes #Gujarat #industrialdevelopment #startupindia #subsidies #incentives #businessadvisory
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
French establishments continue to grow in India. linked to 394 major French conglomerates, there are now 1051 establishments or French entities in India, which are subsidiaries of either the companies or the Groups based in France. These numbers are undergoing a constant increase as the research data is from the year 2013, which actually reflects the data of 2012, and a list of 750 establishments linked to 350 parent companies. According to the current estimates, the French companies in India today employ around 300 000 people (240 000 in the year 2013), have a turnover of more than 20 billion USD (18.5 billion USD in the year 2013) and have a minimum stock investment portfolio of 19 billion USD (17 billion USD in 2013).
Latest round of FICCI’s Business Confidence Survey reported signs of moderation in the optimism level of corporate India. The index value slipped to 66.3 according to the results of FICCI’s latest survey round, which is a six quarter low. The index value stood at 73.2 in the previous round. The build-up in confidence noted since Government assumed office last year has been encouraging, however the same momentum needs to be sustained going ahead.
FICCI Survey brings to the fore the concerns of India Inc. over the possible near term impact of ‘Brexit’ on Indian business and the economy. Yet, it remains sanguine that the UK will make renewed efforts to strengthen ties with countries of the Commonwealth group and India stands to gain given its own growth performance and a much better regulatory and business environment. The respondents were hopeful that this can be an opportunity for India and UK to make renewed efforts to strengthen ties.
‘Social Unrest, Strikes & Closures’ are the biggest risks affecting the Indian economy. ‘Information & Cyber Insecurity’ ranked the second biggest threat to businesses in 2016
The results of FICCI’s latest Business Confidence Survey points towards a sanguine mood among members of India Inc. The Overall Business Confidence Index (OBCI) rose to a six quarter high. The index value stood at 67.3 in the current survey, vis-à-vis 62.8 in the last round.
This reduction in supply along with the support by a number of Government schemes, including MGNREGA has led to an escalation in farm wages which is adversely impacting the profitability of the farmer. Rural wages have been growing by 17% on average since 2006-07 outstripping urban wages. At the same time, the increase in wages, without an increase in productivity, is fueling inflation.
Actualising Actualising Make in India to Make in Karnataka Resurgent India
In this report, we present a detailed overview of the state and the measures taken by the state government to promote the manufacturing industry. We hope the report helps address and prioritize the issues concerning the manufacturing industry and defines ways for discussions shaping the investment vision for the future.
CII has identified accelerating growth and creating employment as the foremost priorities for the nation as we recover from two years of slow growth and falling investments. We believe that a proactive reform agenda could lift GDP growth to 6.5 per cent this year and to above 8 per cent by 2016-17. The objective should be to create 150 million jobs over the next decade. The CII Theme for the year therefore is ‘Accelerating Growth, Creating Employment’.
In this issue of Policy Watch, we examine the critically important enablers that have the potential to boost economic growth, and help India return to a high-growth trajectory. These enablers include:
• Education System
• Skill Development
• Economic Growth
• Manufacturing Sector Growth
• Investments
• Ease of Doing Business
• Export Competitiveness
• Legal and Regulatory Architecture
• Labour Law Reforms
• Entrepreneurship
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
Manufacturing sector, the key driver of the Indian economy, after a prolonged period of declining growth and slowdown in industrial output has seen signs of revival. Manufacturing for the month of May grew at 4.8% after two years of near stagnation providing a boost to the overall economic growth, which, for the first quarter of this financial year (April-June 2014) has witnessed a GDP growth of 5.7%.
However challenges pertaining to structural issues such as poor infrastructure and lack of labour reforms, skills deficit, along with demand volatility, low investments, high interest rates, etc. still persist in the industry and CII therefore continues to advocate with government at highest levels to take steps for overcoming these challenges and creating an enabling environment for reviving and re-igniting manufacturing growth.
The August issue of Policy Watch takes an in-depth look at the agenda for reviving Manufacturing Sector and has outlined some specific recommendations, which would help the sector to reclaim its rightful place in India’s growth story.
Laghu Udyog Bharati is one of India’s largest MSE Industry Networks in India, with branches in every state and members in every district of India, working towards the welfare of MSEs in India. We have grass-root level insights into the challenges faced by the MSEs as well as changing industry trends & practices on the ground.
India - continues to shine with largest FDI in the world for 2016paul young cpa, cga
This presentation will discuss the India economy as well as government policies that will support economic growth. India is an emerging market that is expected to grow at a pace of 7.6%+ for the next 10+ years.
FICCI's "One Year of GST" Survey 2018 finds that most respondents are happy with the implementation of this reform, with 76% respondents stating that GST has a positive impact on their businesses.
Trends & Opportunities for Indian Pharma is a knowledge paper highlighting the upcoming trends and related opportunities in Indian pharmaceuticals industry
For the forthcoming Union Budget, banks demand full tax deduction on the NPA provisioning; reduction in corporate tax rate; and accelerated investments in infrastructure sector
FICCI’s latest Quarterly Survey on Manufacturing suggests slight improvement in the manufacturing sector outlook in the first quarter (April – June 2017-18) of the fiscal as the percentage of respondents reporting higher production in first quarter have increased vis-à-vis previous quarter.
Business Confidence Survey points that market demand has weakened following demonetization and that Union Budget 2017-18 is crucial for stimulating economy
Economists polled expect status quo in forthcoming monetary policy but rate cut likely in first half of FY 2017-18; Union Budget 2017-18 to be expansionary with fiscal stimulus to counter effects of demonetisation
FICCI-IBA conducted the fourth round of Bankers survey for the period July to December 2016, which saw participation by 17 banks representing 52% of the total banking industry (by asset size) and includes public, private as well as foreign banks
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
1. • FICCI COMMENTS ON INFLATION
Wholesale price index based inflation continues to be in the negative zone for the seventh consecutive
month in May 2015 led by a persistent decline in fuel and manufacturing segment prices. Inflation in case
of food articles broadly also remained on a downward trajectory. Though monsoon has been predicted to
be below normal this year, the Government has already outlined its preparedness and plan of action to
deal with any contingency on this account. This should ensure keeping in check any pressure on inflation
arising from the food segment.
• FICCI COMMENTS ON IIP DATA
The manufacturing growth seems to be gaining momentum now as is evident from the healthy growth
of key sectors like capital goods and also from the fact that growth is more diversified. We are hopeful
that this momentum will continue since there is a commitment at the highest level. The Government
has taken several steps in the last few months to improve the business environment and enhance the
investor confidence which is now going to yield results. Since ‘Ease of doing Business’ is an important
factor in attracting investments in the country, we are happy to see several steps being taken in that
respect.
• FICCI COMMENTS ON RBI MONETARY POLICY
RBI’s decision to cut repo rate by 25 bps is a welcome move. However, given the current situation, the
Central Bank could have considered a deeper cut in repo rate by 50 bps. As RBI’s own prognosis shows,
industrial growth has been recovering, albeit unevenly. The slowdown in consumption demand and the
still weak investment cycle has taken a toll on the industrial sector. The same is also reflected in the low
credit offtake and the sluggish quarterly corporate results announced recently, according to FICCI.
Capacity utilization levels across industry segments continue to remain at moderate levels and as reported
in FICCI’s several industry surveys, the outlook for the same is still muted. The need of the hour is to propel
demand. With several projects being unclogged by government and public investment being stepped up,
there is a case for crowding in private investment. However, the latter requires a simultaneous push in
the form of lower lending rates. We urge the banks to reduce lending rates following RBI’s announcement.
RBI Governor has rightly pointed out and adviced banks to pass through the sequence of rate cuts into
lending rates. In fact, the lowering of rates by banks should be in line with the cumulative policy rate cuts
announced by RBI so far this year.
The Reserve Bank has also revised downwards the GDP growth projection for 2015-16 from 7.8% to 7.6%
in the policy statement. These indications clearly call for a more concerted effort to support growth. With
inflation fairly settled for now, a more aggressive stance could have given a stronger positive signal to the
industry.
JULY 2015
2. • FICCI INITIATES AWARENESS PROGRAM FOR ‘ZERO DEFECT ZERO EFFECT’ (ZED) AMONG
MANUFACTURING & SERVICE SECTORS
FICCI in association with Quality Council of India (QCI) has started a series of workshops, directed at
creating awareness about the ZED (Zero Defect, Zero Effect) Maturity Assessment Model. This initiative
is intended to give a major fillip to Prime Minister Modi’s vision to manufacture products with “zero
defect” in terms of quality and with “zero effect” in terms of environmental impact under the ‘Make in
India’ umbrella.
The scope of the Model spans across all sectors of manufacturing and service industry with a special
focus on SMEs. It reflects a mechanism that will provide the Indian SMEs with a roadmap to improve
from one level to the higher one along with handholding from consultants/e-learning courses and
providing other infrastructure requisite to make the enterprises more competitive globally.
The ZED Rating is poised to emerge as a credible recognition of the domestic industry for International
Customers and Foreign Direct Investors seeking investments in India. ZED is further likely to be made as
a benchmark for suppliers to PSUs and Defence Offsets.
• FICCI APPLAUDS THE LAUNCH OF AMRUT, 100 SMART CITIES MISSION AND HOUSING FOR ALL
BY 2022 BY PRIME MINISTER
Welcoming the launch of AMRUT, 100 Smart Cities Mission and Housing for All by 2022, FICCI has said
that this is the beginning of a new urban India in the making. Shri Narendra Modi, Hon’ble Prime
Minister of India has emphasized the importance of cities and Urban Local Bodies taking the lead in this
process by planning and developing the cities as per the requirement while maintaining the
characteristics of a city. This is an extremely progressive step which will positively help in proper
planning and development of our cities. The citizens’ role has also been prominently highlighted which is
commendable.
• TRIGGERING BEHAVIORAL CHANGE IN MINDSET OF COMMUNITIES IS THE KEY TO ACHIEVE
100% OPEN-DEFECATION FREE INDIA
The India Sanitation Coalition was initiated in 2013 by a group of people from different organizations
engaged in the sanitation space. The Coalition today includes 51 organizations and several individual
experts. It has been established to bring organizations and individuals together on a common platform
to find sustainable solutions for sanitation. The Coalition aims to add immense value to the
Government’s ‘Swachh Bharat Mission’.
FICCI has said that to achieve the objective of ‘100 per cent Open Defecation Free status’, the power of
communities and the power of students to create the peer to peer pressure and influence will muster a
much larger force. Therefore, the focus of community involvement and engaging schools and
communities at various levels will be extremely important.
FICCI has said that the India Sanitation Coalition and FICCI would support and assist the government’s
objectives as set out for the Swachh Bharat Mission and facilitate the activities of the government.
3. • GOVERNMENT AIMS TO MAKE NSQF MANDATORY FOR INSTITUTIONS TO RECEIVE GOVT.
FUNDING
The Government of India aims to make National Skill Qualification Framework (NSQF) compliance
mandatory for all institutions imparting training and educational programs for receiving a government
funding from 2017. Also, the government is deliberating on making NSQF certification compulsory for
those aspiring to enter government services.
FICCI-NAVSP stands for National Association of Vocation Skills Providers, which is a FICCI platform to
strengthen the interface between the key skill development stakeholders in the country.
FICCI has said that one of the foremost problems with the traditional skill development programs has
been the disconnect between the skills taught and the skills needed. However, in the case of PMKVY
(Pradhan Mantri Kaushal Vikas Yojna), it is highly encouraging to see the involvement of NSDC and
Sector Skill Councils, ensuring that the course curriculum is market driven and has good employment
potential. Now the onus of making it a success lies with the training providers.
• COAL SECRETARY URGES STAKEHOLDERS TO FACILITATE THE FORMULATION OF A REALISTIC
COMMERCIAL COAL MINING POLICY
There is a need to formulate a realistic policy for the success of commercial coal mining in India, stated
Union Coal Secretary.
FICCI has said that coal mining which had remained outside the realms of the private sector witnessed a
paradigm shift when the Government of India opened a window and allowed commercial coal mining by
way of new legislation. The private participation would bring with it a feasible business plan, viable
financing options and much-needed high-end technology.
Dwelling on the issue of climate change, FICCI has said that India faces pressure on the global climate
front when it comes to coal mining. Therefore, for energy security and decarbonized growth, India
needs to look at technology to enhance sustainability.
• FICCI APPOINTED AS THE NODAL AGENCY FOR CONSOLIDATING GUIDELINES FOR DRUG
INTERMEDIARIES
The role, responsibilities and liabilities of e-commerce marketplace and the product sellers need to be
clearly defined. It becomes even more critical to have a framework in place when the intermediary is
selling drugs where the safety and health of the consumer is of paramount importance.
FICCI in consultation with stakeholders had prepared a representation for Drugs Controller General
titled ‘Suggestive Guidelines for Reinforcing Due Diligence for Intermediaries (E-Commerce
Marketplaces)’. The document comprehensively discusses the challenges faced by the sector and also
proposes recommendations which can be deliberated upon to resolve these issues.
• FICCI SEEKS ADEQUATE RELEASE OF COTTON BY CCI FOR TEXTILES INDUSTRY
FICCI in its representation to Ministry of Textiles, has sought urgent intervention of the Ministry of Textiles
for adequate release of procured cotton by Cotton Corporation of India (CCI). FICCI insists that this is
4. required to ensure that cotton is available to the mills and industry at a competitive rate and at the
earliest.
According to FICCI, the arrival of cotton in the Indian market has dropped considerably in the last few days
to 20000 bales. The total requirement of mills is close to 85000 – 90000 bales per day whereas CCI has
been offering only 40000 bales per day, which also has largely remained unsold because of excessively
high prices. Till date CCI has sold 10.8 lakh bales of cotton and hence carrying stocks of 75 lakh bales, as
CCI has bought 85.8 lakh bales of cotton in the current season.
Indian cotton was cheaper than international cotton from the beginning of the current cotton year. But
the situation has changed significantly now and the prices are substantially above the international prices
mainly because of low cotton arrival in the market, noted FICCI.
• DELHI GOVT. ENCOURAGES USE OF M-GOVERNANCE & E-GOVERNANCE TO ENHANCE
CONFIDENCE OF INDUSTRY, ELIMINATE CORRUPTION & RED-TAPISM
The Delhi government was working towards encouraging use of m-governance and e-governance to
eliminate corruption and red-tapism from the system.
FICCI has said that Aam Aadmi Party assumed power in Delhi with an overwhelming mandate and
amidst huge expectations which mainly related to a delivery of effective and efficient governance
befitting a metropolis like Delhi; ensuring decent infrastructure and civic amenities; quality education
and healthcare facilities; safety and security to its citizens and employment opportunities. She added
that FICCI has been closely following the initiatives of the government and was committed to fully
support the Delhi Government and would like to be associated with it in the journey towards sustainable
development.
• GREATER PENETRATION NECESSARY BY PRIVATE INDUSTRY TO MEET GROWING NEEDS OF
INDIAN ARMY
According to FICCI, with the gradual shift in geopolitical diplomacy, India was emerging from a regional
power to a global power. The defence sector was increasingly occupying more space in the
Government's long term strategic planning with the defence cooperation agreements that India was
signing with key nations. Historically institutions like DRDO, Defence Public Sector Units, Ordinance
Factories and lately the private sector have contributed in achieving partial self-reliance. However, this is
not commensurate with our aspirations of becoming a global economic power.
FICCI has observed that with the current thought process, industry was geared to accept this challenge
and work as ‘Team India’ for fulfilling the objective of creating substantive self-reliance in defence. For
Indian industry to be in global supply chain, we need to invest heavily in R&D in order to ensure high
precision and zero defect world class product quality.
• INTEGRATING EFFICIENT LAND USE WITH LOCATION BASED SERVICES WILL TRANSFORM
INDIA’S LANDSCAPE
The proposed National Land Use Policy which seeks to regulate land use efficiently would help in
augmenting the use of waste and non-cultivable land and integrating them with Location Based Services
(LBS) would make it easier to update and maintain digitized land records.
5. FICCI has said that LBS has multi-sectoral applications. With the focus of the government on smart cities,
the usage of LBS-enabled application would increase manifold. Emerging technologies, like LBS would be
extremely beneficial and appropriate in handling the current state of economic development,
urbanization, population growth, level of infrastructure and rising expectation of the people.
• INDUSTRY URGED TO EXPLOIT BUSINESS FROM INLAND WATERWAYS DEVELOPMENT
FICCI has said that inland waterways were critical for creating an efficient transport system. It would
help ease the growing pressure on other modes of transport, reduce transport cost, promote tourism,
reduce pollution, and enhance trade as well as economic growth. The estimated cost of development of
inland waterways was much lower than that of building highway or railway. However, despite its
advantages over other modes of transport, inland waterways are not yet well-developed in India.
FICCI is encouraged that the Government has earmarked 101 additional inland waterways for declaring
as ‘National Waterways’. This would enable creation of a logistic supply chain with inter-modal
connectivity.
• AFGHANISTAN RECONNECTED: BUSINESSES TAKE ACTION TO UNLOCK TRADE IN THE REGION
FICCI firmly believes that regional cooperation and integration are critical elements to the economic and
social future of Afghanistan and its neighbours. Engaging the private sector in this process would act as a
catalyst to create a new dynamism for peace and socioeconomic progress across the region and has the
potential to serve as a game changer.
FICCI has been working pro-actively with Afghanistan both bilaterally and multilaterally under the
umbrella of SAARC and the Heart of Asia Process to harness Afghanistan’s potential as a possible driver
of economic growth in the region. FICCI has formed a joint Chamber with Afghanistan to pave the way
for a more structured and consolidated action plan to boost our economic ties.
• FICCI’S REACTION ON UK’S NEW IMMIGRATION BLUEPRINT
Commenting on Britain’s new immigration blueprint, FICCI has said that the migration is a sovereign
matter and each country is best placed to decide on its policies related to migration given the local
conditions. However, we do believe that skilled manpower and specialists will always be in demand given
their contribution to the economy and industries across sectors. The contribution made by the highly
qualified and trained professionals from India to the UK industry and economy, just like elsewhere, is
widely acknowledged and we hope that any new set of measures that the UK government may introduce
does not impinge on this valuable source of economic contribution.
For more details contact FICCI Membership
at tripti.kataria@ficci.com