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
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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.
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5.
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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.
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