Apr to Jun 2016

During the Managing Committee Meeting held on 5th

January 2016 it was proposed for Organizing Workshop

on following places

1) Kolkata 5) Lucknow

2) Bangalore 6) Rajasthan

3) Kerala 7) Chennai

4) Pune 8) M. P.

I am happy to inform all the members that on 1st March 2016 Workshop on

recent development & Challenges was organized by Ayurvedic Drug

Manufacturers' Association (ADMA) at Kolkata, in Association with

Ayurvedic Drug Manufacturers Association of India (ADMAI) where in 74

delegates attended this Workshop in addition to Government officials.

We are indeed thankful to Dr. Pawan Sharma, Mr. Shyam Sundar Sharma,

Dr. G. P. Sarkar and the entire Team of ADMAI for their co-operation and

painstaking efforts in making the Workshop a Grand success!

Our special thank to Mr. A. R. Sarkar who coordinated between ADMA and

ADMAI.

We are extremely thankful to our esteemed Speakers Dr. Nagesh Sandu,

Mr. Ranjit Puranik, Dr. C. K. Katiyar, Dr. Amit Agarwal and Mr. Manoj

Bakalkar all of whom delivered excellent, learned presentation which

besides imparting knowledge evoked good interaction and dialogue with

the participating audience.

Last but not the least my special thanks to Dr. Nagesh, Chairman

Technical Committee who has taken lead to organize Kolkata Workshop.

All Members are aware about my earlier appeal to send their voluntary

contribution towards Biodiversity matter to ADMA secretariat. It has been

observed that some of our members are not yet sent in their contribution. I

once again appeal the members to contribute for the common and better

cause.

I warmly welcome M/s. Organic Industries Pvt. Ltd., Mumbai, M/s. Srushti

Industries, Amravati, and M/s. Cure Medicine, Pune who have enrolled as

annual members of ADMA and look forward to their active participation in

the Associations activities.

21

Apr to Jun 2016

1) We had requested Smt. Shomita

Biswas, Chief Executive Officer, National

Medicinal Plant Board (NMPB), Ministry of

AYUSH, Government of India, New Delhi,

seeking feedback and views/ suggestions placed before

Hon'ble Minister of Health and Family Welfare, Bangladesh

during the Indian delegation from Ministry of AYUSH,

Government of India on 4th November 2015, vide our letter no.

0116/ADMA/NMPB/470 dated 15th January 2016. However,

we have not received any response on the same even after our

repeated follow up.

2) On 7th January 2016, during International

Conference on Advances in Asian Medicine (ICAAM)

organized by Indian Association for Study of Traditional Asian

Medicine (IASTAM), around table conference on Industry

issues such as Biodiversity, GST and Government scheme for

Industry was discussed with the officials of Ministry of AYUSH.

3) On 15th January 2016 our Association had sent

reminder to Secretary, Ministry of AYUSH to give an

appointment to discuss about Industry related issues.

However, in spite of follow up we have not received any

response on the same.

4) On 23rd January 2016, during Arogya Sanjeevanee

Conference organized by Keshv Srushti, Bhainder, Minister of

AYUSH Shri Shripad Rao Yasso Naik, was invited by the

organizer for the inaugural function and ADMA had opportunity

to make the presentation on some of the issues faced by the

Industry. Joint Secretary, Mr. Shashank Sandu explained in

detail the impact of each of the following issues :

1. CoPP

2. Getting Observer status for Indian Government &

Industry

3. Phytoparmaceuticals & Nutraceuticals

4. Schemes for AYUSH Industry- Not declared under

12th Five Year Plan.

5. Biodiversity- Industry viewpoint

6. Procurement preferences given to PSU under NRHM

7. Levy of Central excise duty on Ayurvedic products

8. Regulations affect the smooth flow of trade in

medicinal plants due to provisions of the Indian

Forest Act 1927 and Wild Protection Act 1972

9. Weight & Measures ACT

10. Non reimbursement claims against the participation

in Arogya & Internationals Events

5) On 4th February 2016, Ministry of AYUSH had invited

ADMA representatives for the meeting to discuss issues of

ADMA/ AYUSH Drug Manufacturers concerns relating to

Biological diversity, under the Chairpersonship of Chief

Executive, NMPB. Minutes of the meeting received on 18th

March 2016 is reproduced in page no.

6) We had Organized One day Workshop at Golden

Parkk Hotel, Kolkata on 1st March 2016 for appraising and

updating the members and recent development and

challenges facing ASU Industry. The following Speakers

made presentations on the respective topics

a) Dr. G. P. Sarkar, President, ADMAI and Dr. Pawan

Kumar Sharma, Vice President, ADMAI, updated on a status of

Ayurvedic Drug Manufacturers in West Bangal.

b) Dr. Nagesh Sandu, Chairman Technical Committee,

ADMA, Director, M/s. Sandu Brothers Pvt. Ltd., and Mr.

Ranjit Puranik, Vice President (West), ADMA, Executive

Director, M/s. Dhootapapeshwar Ltd., Mumbai, updated on

current matters being represented AYUSH.

c) Dr. Amit Agarwal, Vice President (South), ADMA,

Director, M/s. Natural Remedies Pvt. Ltd., Bangalore, updated

on Biodiversity Act: Basics & its Implications to Ayurvedic

Industry.

d) Dr. C. K. Katiyar, Vice President (North), ADMA, CEO

Healthcare (Technical), M/s. Emami Limited, Kolkata, updated

on Shelf Life: Recent Notification.

e) Mr. Bakalkar, Manager, Packaging Development,

M/s. Charak Pharma :Limited, Mumbai, updated on Bar

Coding.

7) ADMA had sent its comments on Pharmacy Bill 2016,

to Shri Jitendra Sharma, Joint Secretary, Ministry of AYUSH

vide letter no. 0316/ADMA/503 dated 22nd March 2016.

8) We have also sent our submission to Hon'ble Minister

for AYUSH on 29th March 2016 with the request for

intervention to Bangladesh embassy to resolve the issues

related to manufacturing of Ayurvedic products in Bangladesh.

Will the Minister of AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH) be pleased to state:

(a) whether the Government is considering to establish a National Board for promotion of Yoga and Naturopathy;

(b) if so, the details thereof;

(c) whether the Government has proposed to sign an agreement with WHO for collaborative activities in the area of traditional medicine and to organise conference to popularize the Indian system of medicines; and

(d) if so, the details thereof?

THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (SHRI SHRIPAD YESSO NAIK)

(a) & (b): Yes. A Task Force constituted by the Ministry of AYUSH in its recommendations has suggested to constitute a National Board for Promotion & Development of Yoga and Naturopathy under the Chairmanship of Secretary (AYUSH) with the following aims & objectives :-

1)To enhance the quality of Yoga & Naturopathy education, training, therapy and research;

2)To develop human resource in Yoga & Naturopathy ;To develop standards for Yoga & Naturopathy training and practices for voluntary adoption; iv.To promote accreditation frame work relating to Yoga and Naturopathy

ANSWER

Apr to Jun 2016 3

National Board for Yoga and Naturopathy

UNSTARRED QUESTION NO: 2530ANSWERED ON:11.03.2016

DHARMENDRA YADAVfor voluntary implementation by institution including drafting of curriculum and syllabus for various degrees, diploma and programmes;

v. To promote & propagate Yoga & Naturopathy at International level;

vi. To institute national awards for outstanding for outstanding contribution to Yoga & Naturopathy; vii.To develop methods of competence, and evaluation of Yoga & Naturopathy practitioners; viii.Any other item relating to development & promotion of Yoga & Naturopathy.

(c) & (d): Yes. The Cabinet in its meeting held on 17.02.2016 has approved the proposal of the Ministry of AYUSH to sign as agreement with WHO for collaborative activities in the area of traditional Medicine. The Ministry has also agreed in principle to the proposal of Ambassador and Permanent representative of India to the United Nations in Geneva to organize on Official Side. Event Traditional systems of Medicine during the 69th world Health Assembly during May, 2016. As a first step in the long term collaboration. India would assign to WHO activities for development of the following WHO technical documents/publications which will help in better international acceptability of Indian Systems of Medicine:-

i. Benchmarks for training in Yoga;ii. Benchmarks for practice in Ayurveda;iii. Benchmarks for practice in Unani Medicine;iv. Benchmarks for practice in Panchakarma;

PARLIAMENT NEWSIn Lok Sabha

Apr to Jun 2016

PANKAJ CHOWDHARY

Will the Minister of AYURVEDA, YOGA AND N AT U R O PAT H Y, U N A N I , S I D D H A A N D HOMOEOPATHY (AYUSH) be pleased to state:

(a)whether the Government has formulated any policy for upgradation and renovation of AYUSHhospitals, medical institutes and dispensaries, if so, the salient features thereof;

(b) the funds allocated for the purpose during the last three years and the current year, State/UT- wise;

(c) whether the Government proposes to associate the Indian Council of Medical Research for realising full potential and developing herbal medicines through institutional programmes; and

(d) if so, the details thereof along with the funds allocated for the purpose?

Will the Minister of AYURVEDA,YOGA & N AT U R O PAT H Y, U N A N I , S I D D H A A N D HOMEOPATHY (AYUSH) be pleased to state:-

THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY(AYUSH)(SHRI SHRIPAD YESSO NAIK)

(a) to (d): A statement is laid on the Table of the HouseSTATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO 202 FOR 11TH MARCH, 2016

(a)Government of India evolved the National Policy on Indian Systems of Medicine & Homoeopathy-2002 for the development of various disciplines of Indian Systems of Medicine which inter-alia envisage the following:

(i)To promote good health and expand the outreach of health care to our people, particularly those not provided health cover, through preventive, promotive, mitigating and curative intervention through Indian Systems of Medicine & Homoeopathy (ISM&H).

(ii)To improve the quality of teachers and clinicians

ANSWER

by revising curricula to contemporary relevance and researches by creating model institutions and Centres of Excellence and extending assistance for creating infrastructural facilities.

(iii)To ensure affordable ISM&H services and drugs which are safe and efficacious. Further, the Central Government launched National AYUSH Mission (NAM) on 29.09.2014 which envisages better access to AYUSH services, strengthening of AYUSH educational institutions, facilitate the enforcement of quality control of Ayurveda, Siddha and Unani & Homoeopathy (ASU&H) drugs and sustainable availability of ASU & H raw-materials in the States /Uts during 12th Plan. The NAM inter-alia makes provision for upgradation and renovation of AYUSH hospitals, medical institutes and dispensaries. The details are furnished at ANNEXURE-I.

(b) The funds allocated for the upgradation and renovation of AYUSH hospitals, AYUSH medical institutes and AYUSH dispensaries during the last three years and the current year, State/UT-wise is furnished at ANNEXURE-II.

(c) and (d). Central Council for Research in Ayurvedic Sciences (CCRAS) and Central Council for Research in Unani Medicine (CCRUM), both autonomous bodies under the Ministry of AYUSH have signed Memorandum of Understanding (MOU) with Indian Council of Medical Research (ICMR) for undertaking collaborative research projects under their respective schemes and programmes. CCRAS have taken up collaborative projects under Reproductive and Child Health (RCH) Programme, Golden Triangle Partnership (GTP) Scheme, Extra Mural Research (EMR) Scheme of Ministry of AYUSH. CCRUM is collaborating in the field of Tuberculosis with National Institute for Research in Tuberculosis (NIRT), Chennai, which is one of the premier institutes of ICMR.

To converge the research approach of AYUSH systems with the modern system of medicine, the Ministry of AYUSH and Indian Council of Medical Research (ICMR) have together decided to have molecular based studies on specific leads from AYUSH.

No separate funds are allocated for this purpose.

GOVERNMENT OF INDIA

MINISTRY OF AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)

LOK SABHASTARRED QUESTION NO: 202

ANSWERED ON:11.03.2016Upgradation/Renovation of AYUSH Hospitals

Apr to Jun 2016

RAMESH POKHRIYAL NISHANK

Will the Minister of AYURVEDA, YOGA AND

N AT U R O PAT H Y, U N A N I , S I D D H A A N D

HOMOEOPATHY (AYUSH) be pleased to state:

(a) the percentage of population dependent on

AYUSH system of medicine in the country;

(b) whether the Government proposes to spread as

well as preserve the knowledge of Ayurvedic

medicines available in manuscripts, ancient books

and other sources; and

(c) if so, the steps taken by the Government in this

regard including digitization of rare books and

patenting of traditional medicines?Will the Minister of AYURVEDA,YOGA &

N AT U R O PAT H Y, U N A N I , S I D D H A A N D

HOMEOPATHY (AYUSH)be pleased to state:-

THE MINISTER OF STATE (IC) OF THE MINISTRY

OF AYURVEDA, YOGA & NATUROPATHY, UNANI,

SIDDHA AND HOMOEOPATHY(AYUSH)(SHRI SHRIPAD YESSO NAIK)

(a) to (c): A statement is laid on the Table of the HouseSTATEMENT REFERRED TO IN REPLY TO LOK

SABHA STARRED QUESTION NO 213 FOR 11TH

MARCH, 2016

(a)National Sample Survey Office (NSSO) has

undertaken a survey on social consumption in India

on Health in its 71st round conducted during January

– June 2014. As per key indicators released recently

by NSSO for the 71st round, it is estimated that about

6% of the people have received treatment from

Indian Systems of Medicine (including Ayurveda,

Unani and Siddha),

Homoeopathy and Yoga & Naturopathy.

ANSWER

(b) Central Council for Research in Ayurvedic

Sciences (CCRAS) is engaged in the studies related

to revival & retrieval and digitization of Ancient

Ayurvedic Manuscripts & Rare Books and they are

being published from time to time, so far 30 books

retrieved from manuscripts have been published and

are now available in the public domain. (Annexure-I)

Besides this, the Council has surveyed and digitized

more than 5000 Ayurvedic Manuscripts/Rare Books

from Odisha, West Bengal, Bihar, Andhra Pradesh,

Tamilnadu, Karnataka, Kerala, Madhya Pradesh,

Maharashtra, Assam and Jammu & Kashmir (Leh)

etc.

(c) Ministry of AYUSH had given financial assistance

to 31 institutes to preserve rare and

precious AYUSH books for translation & publication

under Central Sector Scheme, Acquisition,

Cataloguing, Digitization and Publication of Text

Books & Manuscripts (ACDP) implemented during

11th Plan. The Centre for Traditional Medicine and

Research, Chennai has collected 268 rare siddha

palm manuscripts and digitized. Tamil Valarchi

Kazhagam Chennai has published 8 volumes of

Siddha medicines in Tamil (Annexure-II).

As far as Unani system is concerned, Central Council

for Research in Unani Medicine (CCRUM) is also

engaged in digitization of classical Unani

book/manuscripts. So far 50 books manuscripts

have been digitized by the Council (Annexure-III).

As far as patenting of traditional medicines is

concerned, 'an invention which, in effect, is

traditional knowledge or which is an aggregation or

duplication of known properties of traditionally known

component or components' are not inventions and

not patentable.

GOVERNMENT OF INDIA

MINISTRY OF AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)

LOK SABHASTARRED QUESTION NO: 213

ANSWERED ON:11.03.2016Patenting of Ayurvedic Medicines

Apr to Jun 2016

Fiscal deficit & Borrowing program:

The government continues with fiscal prudence by

retaining fiscal deficit at 3.9% in 2015-16.

It aims to achieve 3.5% in 2016-17 and 3% in 2017-18.

Net borrowing program reduced to Rs. 4.2 lakh crore for

2016-17 which is 6.5% lower than the budget estimates for

net market borrowing in 2015-16.

Subsidies:

Overall subsidy to reduce from 1.9% of GDP in 2015-

16 to 1.7% in 2016-17 (Budget Estimates)

Infrastructure Outlay:

Huge outlay for infrastructure of Rs. 2.21 lakh crore

(+22.5% on RE) out of which Rs. 55k crore is

budgeted for roads. Additional Rs. 15k crore to be

raised by NHAI through bonds.

LIC of India will set up a dedicated fund to provide

credit enhancement to infrastructure project.

Agriculture & Rural focus:

The budgetary allocation to the ministry of Agriculture and

farmers welfare rose by 93.8% YoY to Rs. 44,485 crore

with a target to double farm income in next 5 years. Total

allocation for the rural sector is Rs. 87,700 cr:

Key schemes like the Pradhan Mantri Fasal Bima Yojana,

Pradhan Mantri Krishi Sinchai Yojana and interest

subvention schemes for farmers were also announced.

The allocation to the schemes like Pradhan Mantri Gram

Sadak Yojana (PMGSY) and MGNREGA were increased

to focus on rural employment.

Union Budget 2016-17 - Impact Analysis

Fiscally prudent, soc ially redistributive is how we will define the budget. The Budget for FY17 reflects Government's firm

commitment to substa ntially boost investme nt in Agriculture,Social Sector, Infr astructure and Employ ment generation on the one

hand and simultaneously st icking to the fiscal consolidation path. The budget has tried to balance out the pain in rural sector and at

the same time maintained investments in infrastructure by substantially reducing subsidies and factoring in conservative buoyancy

in tax collections.

We have summarized the key take-away from the budget and how it could impact us.

This will create a substantial room for lower interest rates

and will also leave more resources for the private sector to

raise credit. This will also help to stabilize domestic macros

in a volatile global environment and create room for RBI to

resume further monetary easing.

Long term bond yields rallied during the day of the budget

announcement on the back of lower than expected net

borrowing and expectation of a rate cut by the RBI.

Government has aimed to help accelerate economic

growth through higher spending on infrastructure

and support for the agricultural sector, while also

keeping deficit in check by targeting reduction in

subsidies.idies.

Increased investment in infrastructure will add more

Value and Jobs to the GDP which will sep India on a

sustainable growth path.

The fund from LIC will help in raising the credit rating

of bonds floated by infrastructure companies and

facilitate investment from long term investors.

Boosting farm income & Rural demand can lead to

the agricultural sector becoming a key positive

contributor to growth in 2016-17. This will help to

boost the overall consumption demand in the

economy which otherwise has been reeling under

pressure due to 2 consecutive weak monsoons.

This will direct impact on promoters and HNI' investors and

may discourage direct stock investing. However, high

dividend earning companies will continue to be not taxable

as this levy is not applicable to corporate investors.

Tax on Dividends:

Individual, HUF and firms to pay 10% tax on dividend

received from companies, if total dividend received during

the year exceeds INR 10 lakhs. No deduction, expense or

setoff available for such dividend income.

Dividend received from MF investment continues to be

outside this tax levy.

Key Featu esr Impact

Fiscal Policies

1.

2.

3.

4.

1.

Tax Policies

Apr to Jun 2016

Unlisted Shares :

Period for getting benefit of long term capital gain regime in

case of unlisted companies proposed to be reduced from

three to two years.

Disallowance of expenditure incurred to earn exempt

Income:

Formula governing quantification of disallowance to be

amended to limit the disallowance to 1% of the average

monthly value of investment yielding exempt income, but

not exceeding the actual expenditure claim.

Presently, the limit of the disallowance was 0.5% of the

average value of the investment yielding exempt income,

on the first day and the last day of the previous year.

REITS/INVIT's:

Distribution made out of income of SPV to REITs and

INVITs having specified shareholding will not be subjected

to Dividend Distribution Tax, in respect of dividend

distributed after the specified date

Gold Monetisation Scheme Taxation:

Deposit Certificates issued under Gold Monetisation

Scheme, 2015 notified by the Central Government,

excluded from the definition of capital asset and thereby to

exempt if from capital gains tax. It is also proposed to

provide that the interest on Deposit Certificates issued

under the Schemes, shall be exempt from income-tax.

New amnesty scheme for black money disclosure:

Domestic taxpayers can declare undisclosed income or

such income represented in the from of any asset by

paying total tax of 45% of the undisclosed income & get

immunity from prosecution under the Income Declaration

Scheme, 2016 (IDS) from 1st June to 30th September

2016

Infrastructure & KK Cess:

Infrastructure cess of 1% on small petrol, LPG, CNG cars,

2.5% on diesel cares of certain capacity and 4% on other

higher engine capacity vehicles and SUVs. No credit of

this cess will be available nor credit of any other tax or

duty can be utilized for paying this cess

Krishi Kalyan Cess, @ 0.5% on all taxable Services, w.e.f.

1 June 2016 making service tax rate at 15%

Luxury tax on Cars:

A 1% tax to be deducted on purchase of luxury cars for

more than Rs. 10 lakhs and on cash transaction for more

than Rs. 2 lakhs.

STT on Options :

STT on sale of Options when those are not exercised

raised from 0.017% to 0.05%

Surcharge :

Increase in surcharge from 12% to 15% on individuals

having income above Rs. 1 crore

Benefits investments in venture capital or private equity

funds that invest in unlisted securities of startups or growth

stage (pre-IPO) investments.

Will impact investors whose total income includes

significant exempt income arising out of common

expenses incurred for both non-exempt as well as exempt

income.

Removal of DDT is a positive step that may help in

successful listing of REIT in future. The removal is likely

to please institutional investors who view India as an

untapped market for this asset class

This will encourage investors to monetize their physical

gold holdings.

New amnesty scheme will be implemented for black

money holders to come clean.

Infrastructure cess would lead to increase in prices of

passenger vehicles and may hurt volume growth for the

industry.

Krishi Kalyan Cess proceeds would be exclusively used

for financing initiatives for improvement of agriculture and

welfare of farmers.

The focus of this initiative is to develop a tax trail to ensure

lower black money transactions and increase tax receipts

for the government.

This will lead to high transaction cost for traders.

This will lead to higher tax burden on HNI's.

2.

3.

4.

5.

6.

7.

8.

10.

9.

Apr to Jun 2016

Disclaimer: Any information contained in this material shall not be deemed to constitute an advice, an offer to sell/ purchase or as an

invitation or solicitation to do for security of any entity and further ASK Wealth Advisors Private Limited (ASKWA) and its employees/

directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use of this

information. Recipients of this information should exercise due care and caution (if necessary obtaining the advice of finance/ other

professionals) prior to taking any decision on the basis of this information.

ASK Wealth Advisors Private Limited has not independently verified all the information and opinions given in this material.

Accordingly, no representative or warranty, express or implied, is made as to the accuracy, completeness or fairness of the

information and opinions contained in this material.

Other Key Policy Changes

NPS/ EPF tax changes:

Withdrawal up to 40% of corpus on retirement to be tax

exempt for NPS. The annuity fund, if availed by the legal

heir will also be tax exempt. Same norm to be applied to

superannuation funds and recognized provident funds,

including EPF in respect of corpus created out of

contribution made on or from 1.4.2016.

Contribution by employer towards employee PF of more

than Rs. 150,000/- p.a. will be taxable. There was no limit

earlier

FDI up to 49% in insurance allowed under automatic route from previous limit of 26%

FDI in ARCs was 100% but restricted to 49% per investor which has been removed. Complete pass through of

income-tax to securitization trusts including trusts of ARCs. Securitization trusts required to deduct tax at source.

FDI in Indian stock exchanges raised from 5% to 15%. At present, no single foreign entity can hold more than 5% in

domestic exchanges.

Advance tax payment schedule for non-corporate taxpayers aligned with that for corporate tax payers, effective 1 June 2016.

Amendment to be brought in the RBI Act, 1934 to provide statutory basis for a Monetary Policy Framework and a

Monetary Policy Committee

Negative for salaried investors who will have to shell out

a higher tax burden on long term retirement saving.

11.

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