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ANDHRA CHAMBER OF COMMERCE Vol. LXXII May 2019 INFORMATION BULLETIN PROGRESS THROUGH COMMERCE AND INDUSTRY www.andhrachamber.com 1
ANDHRA CHAMBER OF COMMERCE
Vol. LXXII
May 2019
INFORMATION BULLETIN
PROGRESS THROUGH COMMERCE AND INDUSTRY
www.andhrachamber.com
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2
Contents
Bulletin Advisory BoArd
Shri Ch. Venkateswara Rao
Vice-President
Shri R.R. Padmanabhan
Chairman,
Foreign Trade Sub-Committee
Shri V.V. Sampath Kumar
Chairman, Indirect Taxes Sub-Committee
Shri K.n. Suresh Babu
E.C. Member
Shri M.K. Anand
Chairman
Skill Development Sub-Committee
Shri V.S. Prasanth Kumar
E.C. Member
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Editor And PublisherAndhra Chamber of Commerce, Chennai
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PrintersRathinam Printers
New No 27, Old No 13,
Angamuthu Street,
Royapettah,
Chennai - 600 014
PRESIDENT DESK 3
Presentation on “Oil on Boil (Economics of Petroleum)”, Chennai 4
FOREIGN TRADE – Statistics 5
Recent Judgments in VAT CST GST by Mr. V.V. Sampath Kumar 10
Designing Destiny by Mr. R R Padmanabhan 13
Govt makes it mandatory for all Medical Devices to get CDSCO certification by Smt. Rama Venugopal 15
Solve People Problems to Solve Business Problems by Mr S. Prakash 18
Labour Laws 21
Consumer Price Index Numbers 23
Updatation of Membership Details 24
Dear Members,
There is an old saying “all work no play makes a child dull” and now it is
“all work and no vacation makes a human being dull”. This is more or less
true.
Normally May month is synonymous with Holidays and Vacation. School
summer holidays means vacation season has arrived. In this scorching summer
and water scarcity, it is time for all to plan for a good vacation.
Breaking away from your routine to experience new places and things can
spur creative thinking that you can put to good use once you get back to the
business. The mental rejuvenation of downtime also allows you to de-stress
and refocus. When you return to work, you’ll be thoroughly energized and
engaged.
Taking some time away from the business can help you identify strengths
and weaknesses in the operation. Do things still run smoothly without you
there? How well does your staff work together in your absence? If the business
can’t operate effectively without you on site, you’ve uncovered a problem –
and an opportunity to make the business stronger by addressing it. Your body
and mind will thank you for it – and you might even give your business a
boost, too.
While the whole Nation is expecting the much awaited election results to
be announced on the 23rd May 2019, let us recharge and prepare ourselves
for the new challenges.
Dr. V.L. INDIRA DUTTPresident
Presidentdesk
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C H A M B E R
A presentation on “Oil on Boil (Economics of Petroleum)” organised by Andhra Chamber of Commerce jointly with Madras Management was held on April 24, 2019 at the Conference Hall of the Chamber, Chennai.
Shri K. Anil Kumar, Corporate Trainer, made a detailed presentation on the topic and interacted with the Members present.
Dr. M.K. Muthuvelu, Treasurer and Chairman of the Energy Sub-Committee of the Andhra Chamber of Commerce extended a warm welcome to the speaker and the members present. In his Welcome address Dr. M.K. Muthuvelu observed:
“Friends, this is the 87th event on the Management series programmes jointly organised with MMA. The earlier eighty six meetings were indeed interesting, thought provoking and well received by the participants.
As regards the topic for discussion today – “Oil on Boil - Economics of Petroleum” – Over the last few months, crude oil prices have witnessed an unprecedented increase, touching a 4-year high of
around $80 a barrel and proving wrong numerous experts, who until recently believed that it wasn’t possible for them to touch these levels in the near term. The buoyancy in the global economy has increased the appetite for crude oil in recent months.
It is important to know that the rising demand cannot be ignored. This assumes importance because many are of the opinion that the exorbitant prices are more a result of politics than economics”.
Shri P. Nandagopal, Secretary introduced the Guest speaker to the members present. In his introductory remarks he observed: “Shri K. Anil Kumar is a Master’s Degree holder in Petrochemicals, PG Diploma holder in Environmental Management & Petroleum Exploration and an MBA.
He has served in the large scale organisations like Bharat Petroleum Corp Ltd, Mahindra & Mahindra, Chemoleums and other MSME industries.
Presently he is with PCRA (Petroleum Conservation Research Association), an entity coming under the Ministry of Petroleum & Natural Gas, Government of India as empaneled speaker
PRESENTATION ON
Oil On BOil(EcONOmIcS Of PETROlEum)
chENNAI
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rendering services to Industries and educational institutions to propagate various Government awareness programmes.
He is also associated with the following activities: Safety audits, Electrical audits, Energy certification training programs (ISO 50001), HSE Training programs, Independent energy conservation programs, B2B sales & Marketing trainings, Awareness on Handling of Customer complaints, Training on Fuels & Lubricants and Waste management programs.
I have great pleasure in presenting to you Shri K. Anil Kumar, Corporate Trainer”.
Shri K. Anil Kumar in his presentation observed: “As of January 1, 2019 the oil refining capacity of India stood at 249.4 million tonnes making it second largest refiner in India. Private company own about 35.62 per cent of the total refining capacity. India retained its spot as the third largest consumer of oil in the world in 2017.
An increase in the price of crude oil means that would increase the cost of producing goods. This rise would finally be passed on to consumers resulting in inflation. Experts believe that an increase of $10/barrel in crude oil prices could raise inflation by 10 basis points (0.1%). Higher crude oil prices will adversely impact the twin deficits of current account and fiscal, which will have spill over effects on monetary policy, consumption and investment.
The crude oil prices all across the globe have a significant impact on global economies directly or indirectly. However, the increase in the crude oil
prices results in increase in almost all the consumable and non-consumable commodities. Any positive change in the crude oil prices has negative impact on the growth of GDP of a country.
The Indian economy is not an exception to the impact of change in crude oil prices. In India the demand for petroleum related products is increasing at a rapid pace which results in increase in crude oil imports. In case of any increase in crude oil prices a shock or impulse is visible which paves way for strengthening energy efficient mechanisms in order to reduce the dependency on import of crude oil.
So, we need to understand the importance of conservation of non-renewable resources followed by economics of crude with clear understanding on our competency in terms of producing those resources and also using alternate source of energy on transportation”.
Shri K. Anil Kumar also explained in detail about using alternate sources of energy and the difficulties in using e-vehicles for public transportation for the present. Shri K. Anil Kumar answered all queries raised by the members present.
Dr. M.K. Muthuvelu, Treasurer presented a memento to Shri K. Anil Kumar as a token of appreciation and regard. More than 55 participants drawn from the Chamber’s Members group and MMA attended the meeting.
The meeting concluded with a vote of thanks proposed by Shri B. Gautham, Executive Committee Member, ACC.
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India’s Foreign Trade (Merchandise): April 2019
India’s overall exports (Merchandise and Services combined) in April 2019* is estimated to be USD 44.06
billion, exhibiting a positive growth of 1.34 per cent over the April 2018. Overall imports in April 2019* is
estimated to be USD 52.83 billion, exhibiting a positive growth of 4.53 per cent over April 2018.
FOREIGN TRADESTATISTICS
*Note: The latest data for services sector released by RBI is for March 2019. The data for April 2019 is
estimation, which will be revised based on RBI’s subsequent release.
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I. MERCHAnDISE TRADE
EXPORTS (including re-exports)
Exports in April 2019 were USD 26.07 billion,
as compared to USD 25.91 billion in April 2018,
exhibiting a positive growth of 0.64 per cent. In
Rupee terms, exports were ` 1,81,021.34 crore in
April 2019, as compared to ` 1,70,052.96 crore in
April 2018, registering a positive growth of 6.45 per
cent.
In April 2019, major commodity groups of export
showing positive growth over the corresponding
month of last year are
Non-petroleum and Non Gems and Jewellery
exports in April 2019 were USD 19.54 billion, as
compared to USD 19.80 billion in April 2018,
exhibiting a negative growth of 1.31 per cent.
IMPORTS
Imports in April 2019 were USD41.40billion
(` 2,87,432.93 crore), which was 4.48 per cent
higher in dollar terms and 10.52 per cent higher
in Rupee terms over imports of USD 39.63 billion
(` 2,60,084.67crore) in April 2018.
Major commodity groups of import showing
negative growth in April 2019 over the corresponding
month of last year are:
CRUDE OIL AnD nOn-OIL IMPORTS:
Oil imports in April 2019 were USD11.38billion
(` 78,989.46 crore), which was 9.26 per cent higher
in dollar terms (15.58 per cent higher in Rupee
terms), compared to USD10.41billion (` 68,344.24
crore) in April 2018.
In this connection it is mentioned that the global
Brent price ($/bbl) has decreased by 0.60% in April
2019 vis-à-vis April 2018 as per data available from
World Bank (Pink Sheet).
Non-oil imports in April 2019 were estimated at
USD 30.02 billion (` 2,08,443.47crore) which was
2.78 per cent higher in dollar terms (8.71 per cent
higher in Rupee terms), compared to USD 29.21
billion (` 1,91,740.43 crore) in April 2018.
Non-Oil and Non-Gold imports were USD
26.05 billion in April 2019, recording a negative
growth of 2.19 per cent,compared to USD 26.63
billion in April 2018.
II. TRADE In SERVICES
EXPORTS (Receipts)
As per the latest press release by RBI dated 15th
May 2019, exports inMarch2019 were USD 17.94
billion (` 1,24,672.40crore) registering a positive
growth of 6.59 per cent in dollar terms, vis-à-vis
March 2018.
IMPORTS (Payments)
As per the latest press release by RBI dated 15th
May 2019,imports in March 2019 were USD 11.37
billion (` 78,962.43 crore) registering a positive
growth of 10.55 per cent in dollar terms, vis-à-vis
March 2018.
III. TRADE BALAnCE
MERCHAnDISE: The trade deficit for April
2019 was estimated at USD 15.33 billion as against
the deficit of USD 13.72 billion in April 2018.
SERVICES: As per RBI’s Press Release dated
15th May 2019, the trade balance in Services (i.e.
Net Services export) for March, 2019 is estimated at
USD 6.58 billion.
OVERALL TRADE BALAnCE: Taking
merchandise and services together, overall trade
deficit for April 2019* is estimated at USD 8.78
billion as compared to USD 7.07 billion in April
2018.
*note: The latest data for services sector released
by RBI is for March 2019. The data for April 2019 is
an estimation, which will be revised based on RBI’s
subsequent release.
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MERCHANDISE TRADEEXPORTS & IMPORTS: (US $ Billion)
(PROVISIOnAL)
APRIL
EXPORTS (including re-exports)
2018-19 25.91
2019-20 26.07
%Growth 2019-20 / 2018-19 0.64
IMPORTS
2018-19 39.63
2019-20 41.40
%Growth 2019-20 / 2018-19 4.48
TRADE BALAnCE
2018-19 -13.72
2019-20 -15.33
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIOnAL)
APRIL
EXPORTS (including re-exports)
2018-19 1,70,052.96
2019-20 1,81,021.34
%Growth 2019-20 / 2018-19 6.45
IMPORTS
2018-19 2,60,084.67
2019-20 2,87,432.93
%Growth 2019-20 / 2018-19 10.52
TRADE BALAnCE
2018-19 -90,031.71
2019-20 -1,06,411.59
SERVICES TRADEEXPORTS & IMPORTS (SERVICES) : (US $ Billion)
(Provisional) MARCH 2019 APRIL-MARCH 2018-19
EXPORTS (Receipts) 17.94 205.79
IMPORTS (Payments) 11.37 125.46
TRADE BALANCE 6.58 80.33
EXPORTS & IMPORTS (SERVICES): (Rs. Crore)
(Provisional) MARCH 2019 APRIL-MARCH 2018-19
EXPORTS (Receipts) 1,24,672.40 14,38,948.61
IMPORTS (Payments) 78,962.43 8,77,286.65
TRADE BALANCE 45,709.97 5,61,661.96
Source: RBI Press Release dated 15th May 2019
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RECENT JuDgMENTS IN
VAT CST GST
Shri V.V. Sampathkumar Chairman, Indirect Taxes Sub-Committee
Export Oriented Units: Relating to levy of
on sales made to 100% Export Oriented Units
the court observed that the appellate authority
concluded that the sales are to be treated as exempt
sales, no notice has been issued to the petitioner in
this regard. Learned SGP states that the petitioner
will be put to notice about the proposal to treat the
sales as exempt sales and not zero rated sales and the
matter will be decided thereafter. This portion of the
impugned order is thus set aside.. M/s. Technova
Imaging Systems Ltd., Vs The AC (CT) Mylapore
Assessment Circle, Chennai 28 W.P. Nos.7890 etc.
of 2019 Dated: 27.03.2019
Mismatch: When there is mismatch of purchases
and the sales in the departmental Web Portal, this
Court in the case of J.K.M.Graphics Solutions
Pvt. Ltd., Vs. C.T.O., Vepery Assessment Circle,
Chennai [(2017) 99 VST 343] considered the
veracity of notices / assessments that had been
framed solely on the basis of data obtained from
the website of the Commercial Taxes Department.
The Court has set aside the impugned notices /
orders and remanded the matters to the respective
Assessing Officers, to undertake assessment afresh
after conducting thorough enquiry. A direction has
also been given to the Commercial Tax Department
to evolve a centralized mechanism. The Court was
informed that the mechanism is being formulated
and about the issuance of Circular 3/2019 by the
Commissioner directing the Assessing Officers when
confronted with such issues, to issue notice to keep
proceedings for assessment alive and thereafter keep
the assessment in abeyance till the mechanism is
formulated and implemented in full. In view of this
the impugned order is set aside and the Assessing
authority is directed to take the proceedings
denovo and in accordance with law, after affording
an opportunity of hearing to the petitioner. M/s.
Usman Brother Agencies Vs The DCTO, Gingee
Assessment Circle, W.P. Nos.5728 and 5732 of 2019
DATED: 29.03.2019
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Purchase of HSD and issue C forms: To avail
concessional benefit of tax for c form purchase of
High Speed Diesel (HSD) it was submitted that the
issue is covered in favour of the assessee by a decision
of this Court in M/s Ramco Cements Ltd. V. The
Commissioner of Commercial Taxes (W.P.Nos.19460
of 2018) dated 26.10.2018 and Learned Single Judge
of this Hon”ble Court in considering the issue held
categorically that the benefit of the concessional rate
is available to dealers who purchase HSD. Stating
so, this Court rules that, till such time the order
of this Court in W.P.Nos.19460 (supra) is either
stayed or reversed, it is incumbent upon all Assessing
Authorities to apply the rationale of the decision to
all pending assessments since the decision of this
Court as well as other High Courts, one of which
has been confirmed by the Supreme Court, are
decisions in rem, applicable to all dealers that seek
benefit thereunder, of course, in accordance with
law. M/s.Southern Cotspinners Coimbatore Private
Limited Vs The AC (ST) Singanallur Assessment
Circle, Coimbatore and others W.P.No.12520 of
2019 DATED: 26.04.2019
Penalty: Penalty levied u/s 12(3)(a) of the
TNGST Act for the assessment year 1993-94 was
set aside by the Appellate Tribunal, in T.A.No.70
of 2002 dated 23.06.2006. The Court held that, if
the Tribunal had allowed the petitioner’s case for the
assessment year 1993-94 and the Revenue having
not preferred any writ petition against said order in
T.A.No.70 of 2002, judicial discipline demands that
the Authorities are bound by such an order. Hence,
the Tribunal could not have taken a different view for
the assessment years 1994-95, 1995-96 & 1996-97
since, the facts are identical and set aside the penalty
levied u/s 12(3)(a) of the Act .The order by the
Assessing Officer was set aside and the order of the
First Appellate Authority was confirmed. Tvl.Gopu
Stores & Chidambaram Builders, Vs. The DCTO,
Velachery Assessment Circle, WP Nos. 4206, 4207
& 4208 of 2008 Dated : 28.03.2019
natural Justice: A proposal notice has been issued
on 15.12.2017 by the AO. There is no justification
for the Officer to have waited till 23.01.2019 to
issue a notice for personal hearing, after a lapse of
more than one year from the notice first issued. It
is not justified for the AO to have denied the one
opportunity sought for by the petitioner. Hence,
the assessments were set aside solely on the ground
of violation of principles of natural justice. As the
assessments relate to the periods 2010-11, 2011-12
and 2012-13, orders of assessment de novo shall be
passed by the AO within six(6) weeks from the date
of conclusion of personal hearing, after affording
full opportunity to the petitioner. M/s.Hi-Tech Air
Power Pvt., Ltd., vs. The AC, (ST), Amaindakarai
Assessment Circle, W.P. Nos.7484, 7488, 7493 of
2019 DATED: 03.04.2019
Stay Order Modification: when the Petitioner
prays to furnish a personal bond instead of bank
guarantees as directed by the first appellate authority
in a Stay order this court rules that identical requests
made have been considered by this Court favourably
and the conditional stay order is modified by
permitting the petitioner to furnish a personal bond
in the place of bank guarantee within a period of
seven days from date of receipt of a copy of this
order. Tvl. Sri Sai Enterprises vs. ADC (ST) South,
Chennai and AC (ST), Thirumullaivoyal Assessment
Circle, Chennai WP Nos.12303 and 12305 of 2019
DATED: 25.04.2019
Appeal: The Appeal petition could not be filed
in time as the order of assessment was misplaced and
appeal filed with certified true copy was returned
by the first appellate authority. In this back ground,
the Court directed the first respondent to take the
Appeal on file with the certified copy of the order as
filed by the petitioner subject to the petitioner paying
the entire balance tax which has been remitted by the
petitioner. M/s. Tamil Agencies vs. The ADC (CT),
Cuddalore 607 001 and another WP No.7154 of
2019 DATED: 09.04.2019
Effective opportunity: The replies and the
annexures thereto filed by the Petitioner for the
assessment proposals have not been taken into
account by the Assessing Officer in finalising the
impugned assessments. Moreover, the revised
notice dated 27.07.2018 itself merely calls upon
the petitioner for a personal hearing along with
available evidence on any working day within
the aforesaid period. This can hardly be called
reasonable opportunity in so far as, opportunity
of hearing, to be effective, has to be afforded by
fixing a specific date and time when petitioner can
appear before the officer and make submissions. It is
thus in fitness of things that the present impugned
assessments are set aside with directions that the
process of assessment will be completed within
a period of six (6) weeks from the conclusion of
personal hearing. Titanium Equipment and Anode
Manufacturing Company Limited, Vs. The AC (ST)
(FAC), Thirukazhukundram Assessment Circle W.P.
Nos.5999, of 2019 DATED: 27.03.2019
Excess collection: No penalty, in respect of
excess collection of tax u/s 22(2) of the TNGST Act,
1959, can be levied, if the amount is collected and
remitted to the Department. Observing so, the court
held that the Tribunal erred in dismissing the appeal
filed by the petitioner / dealer and the interpretation
given by the Special Tribunal, not to follow earlier
decision in Mohammed Ibrahim Sahib is incorrect.
Automotive Coaches and Components Limited, Vs.
The CTO, Adayar I Assessment Circle, WP No.
40029 of 2002 Dated:28.03.2019
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Mr. R. R. Padmanabhan, ChairmanForeign Trade Sub Committee, ACC
Andhra Chamber of Commerce
Destiny is an often quoted both for right and wrong in our lives. The one notion that is predominant in everyone’s mind is that Destiny is predetermined. Therefore, it follows that destiny is that which cannot be altered for better. So, destiny is often used in negative connotation. Of course, there are innumerable steps suggested by soft skill and personal development strategists to alter one’s destiny. All these steps fail to make any meaningful impact on one’s destiny with the result people start disbelieving in these strategies. In fact, I used to jocularly say that through these books/strategies, it is the destiny of writers that undergoes a positive change rather than the reader.
Any strategy that is deployed to rewrite one’s destiny has to be simple and must be dovetailed in his day-to-day life. Viewed in this context, the book ‘Designing Destiny’ through the Heartfulness way is like a workbook. It is in easy to read format and suggested approach to re design one’s destiny is quite simple. The book makes a compelling reading and once someone begins reading the book, it is difficult to put it down without completing it. Of course, the
book has to be read and read again to digest what is said to design one’s destiny.
The book consists of four parts namely, Introduction, Practice, Life style and Destiny, Free will and Freedom of Choice. The parts are logically sequenced. In the introduction part, the term Destiny is defined as four principles:
‘The first principle is of destiny is that we can only change it in the present.
The second principle is that we create destiny for ourselves with our every day thoughts.
The third principle is that we need to work upon the mind the design our destiny and for this we need a meditative practice.
The fourth principle is that all our destinies are interconnected.
By acting upon the present and on oneself, the practicant first addresses the issue and then goes on to contribute to alter the collective human destiny. So everything starts from one self. The tool that is suggested is Heartfulness meditative practice. The
Designing
Destiny
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practice consists of four parts namely relaxation, meditation, cleaning and prayer. It is the third one, ‘cleaning’ is unique to the system, perhaps, has no parallels. Meditation as a technique is available in many cultures but cleaning is not. That is the importance of cleaning. By cleaning we mean getting rid of past impressions. These past impressions in our mind are the root cause of our behavior that in turn determines our destiny.
While these activities are internal to an individual, the effect of such technique and resultant
contemplation and desire to change is manifested through the individual’s behavior. For example, there is change in attitude, humility results in, ego becomes sublime, there is respect for others and one tends to think or pause before talk.
So, when the self is managed rightly, self-shifts itself to SELF. This shifting towards higher Self is designing the destiny.
Source: Designing Destiny by Shri Kamalesh Patel
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Smt. Rama VenugopalChairman – Entrepreneurship Development Centre &
ACC Business Incubator, Andhra Chamber of Commerce.
Govt makes it mandatory for all Medical Devices to get CDSCO certification
We have seen flurry of announcements in news papers recently on the above subject.
What the announcement means ?
All imported, as well as locally manufactured medical devices sold in India will soon be required to clear specific safety and quality standards.
The move is made after the country has witnessed series of challenges when the imported devices have failed on quality and safety grounds. The recent fiascos such as the one involving Johnson and Johnson hip implants in the recent months have caused enough havoc in the market place.
Brands like Becton Dickinson (BD) and Company Recalled Vacutainer® EDTA Blood Collection Tubes from India last year due to Chemical Interference with Certain Tests. Similarly Abbott recalled the sale of the Xience Alpine , premium brand of drug-eluting stent from Indian market after the safety reviews.
In the month of April 2019, Drugs Technical Advisory Board (DTAB), India’s highest advisory body on drugs, decided to notify medical devices as drugs under the Drugs and Cosmetics Act (DCA).
Once notified, import, manufacture and sale of all medical devices will need to be certified by the Central Drugs Standard Control Organisation (CDSCO). Manufacturers will also have to seek licences from the Drug Controller General of India (DCGI).
Currently, only 23 medical devices are regulated under the Act. The regulation will help ensure safe and tested medical devices reach the end user.
Market place representations have been received from various stakeholders for regulating all non-notified medical devices since concerns have been raised from time to time regarding safety, quality and performance of various medical devices, including diagnostic kits manufactured or imported in the country. Many of the medical devices like equipments analysers, instruments etc used in various healthcare facilities for diagnosis treatment, mitigation are
Govt makes it mandatory for
all Medical Devices to get CDSCO certification
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currently out of scope of regulation under the Drugs and Cosmetics Act.
On 8th February 2019, the government put implantable medical devices, CT scan equipment, MRI equipment, defibrillators, dialysis machines, PET equipment, X-Ray machines and bone marrow cell separators under the purview of the DCA. Surgical gowns, surgical drapes and incision drapes will also be notified under the Act.
Medical devices are already classified on the basis of the risks they pose. Low-risk devices are classified as ‘Class A’; devices with low to moderate risk are classified as ‘Class B’; devices with moderate risk are classified as ‘Class C’; and devices having high risk are in ‘Class D’ category.
Shri Rajiv Nath, Forum Co-ordinator, Association of Indian Medical Device Industry (AiMeD) said the move lacks strategic direction. “It’s imperative to have a separate law as devices are engineering items and not medicines - an X Ray machine by no stretch of imagination can be called a drug; So the continued attempt to regulate devices as drugs is incomplete and incorrect. No representative of medical devices industry or a regulatory expert is invited to these important meetings that decide the fate of the industry”.
The Government has plans to recruit 754 officers to exclusively regulate the sale of medical devices and monitor their efficacy in India. The proposal includes forming a vertical body under the Central Drugs Standard Control Organisation (CDSCO), the national regulatory authority for drugs and medical devices.
These 754 officers will be separate from the existing drug regulatory officers, who also function under the CDSCO but primarily regulate medicines, besides monitoring devices such as coronary stents, pacemakers, orthopaedic knee implants and hip implants among others. The government’s decision to consider this long-pending demand is a fallout of the controversy over the faulty Johnson & Johnson Articular Surface Replacement (ASR) hip implants. The implants have hurt more than 4,000 patients in India, with government efforts to ensure compensation for them stuck in a stalemate with the American pharma major.
Licensing, Certifications – both Product as well as Management Systems are so critical and important in healthcare space as healthcare deals with human lives. That’s why both Drugs and Devices Manufactures are subject to lot of global audits to check their Quality and Safety. Unfortunately, its proven repeatedly in the recent years that both drugs and medical device
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manufactures are failing in quality and safety audits. Many product recalls are happening in the medical device implants segment across the globe. The Global Certification bodies have failed to inspire the markets and end users. Communities Trust and Confidence is coming down on these Certification tags.
We have created high dependence on the global certification tags for Drugs and Devices in the country without creating a strong Licensing and Certifications structure in the Country. Infact the global Certifications are prohibitively expensive for the Indian companies to choose. Its so unfortunate that we have created a structure in the country in such a manner that, even to supply in Indian mkt, Indian manufacturers have to have global certification tags. This is where Make In India manufacturers lose the battle to MNC brands. We are witnessing a surge in Startups focussing on Medical Technology Innovations in the country. The ecosystem has picked up a very good momentum and we are witnessing many young innovators ate focussing on hardware technologies in Medical Device Innovations space. They are getting good support and grants from DST, DBT in the recent years. Unfortunately they are getting choked when they reach the Go To Market stage with their
products. They cant sell unless they have Products as well as Management Systems Certifications. We are pushing them to obtain USFDA approvals or CE Marking Certifications which are prohibitively expensive. We don’t have string Certification system in the country for Medical Devices.
Having identified the gap, Quality of Council of India (in collaboration with Manufacturers Association AIMED - Association of Indian Medical Device Industry) has developed the ICMED Certification for Medical Device companies in the Country. The Standards are developed taking into cognisance the requirements of various requirements of global standards, regulatory frameworks as well as customising the same to Indian market requirements. Infact Indian Medical Device Companies should take up ICMED Certification and Indian Markets should recognise ICMED Certification instead of asking for USFDA, CE Marking stamps to sell in India. To sell in India , we don’t need these tags. We must strengthen our own Regulatory and Licensing, Certifications Framework in the country to ensure Quality and Safe Healthcare delivery to all.
Information Source : Live Mint and The Print
Article Contributed by :
Rama Venugopal
Mr. S. PrakashCEO of See Change Consulting
He can be reached at [email protected] / +919840096454
“I will pay more for the ability to deal with people than for any other ability under the sun.” – John Rockefeller.
We do not have business problems. We have people problems. When we solve our people problems, our business problems are substantially resolved. People knowledge is more important than product knowledge. One need to build a pleasing personality & it is a combination of a person’s attitude, behavior, & expressions. Steps to building a positive & pleasing personality are as under.
• Step No.1. Accept responsibility. Responsible behavior is to accept accountability & that represents maturity. Acceptance of responsibility is a reflection of our attitude & the environment we operate in.
• Step No.2. Show consideration, courtesy, & politeness. Thoughtfulness shows a caring attitude. The more considerate we are, the more courtesy one
extends & the more polite we are towards people we automatically come close to people.
• Step No.3. Think win/win. When we think of serving our customers, our families, our employers, employees, colleagues we automatically win. One need to create a win / win situation & the result shall culminate into happiness, prosperity, enjoyment & gratification because they are not thinking of themselves alone.
• Step No.4. Choose what you say rather than say what you choose. That is the difference between wisdom & foolishness. A fool speaks without thinking; a wise man thinks before speaking. One particular word spoken can cause irreparable damage, so whenever you utter any word visualize its consequences. Spoken words cannot be retrieved.
• Step No.5. Don’t criticize & complain. Criticize with a spirit of helpfulness rather than as a put-down.
Solve PeoPle ProblemSto Solve buSineSS ProblemS
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Criticize the behavior, not the person because when we criticize the person, we hurt their self-esteem.
• Step No.6. Smile & be kind. It happens in a flash, & the memory of it may last forever. Cheerfulness flows from goodness. It takes more muscles to frown than to smile. It is easier to smile than to frown. Smile often & make it a habit.
• Step No.7. Put positive interpretation on other people’s behavior. In the absence of sufficient facts, people instinctively put a negative interpretation on others’ actions or inactions. For example, how often have we put through a call & not gotten a reply from the other party for 2 days & the first thought that comes to our mind is “They ignored me.”
• Step No.8. Be a good listener. Listening shows caring. When you show a caring attitude towards another person, that person feels important. When he feels important, what happens? He is more motivated & more receptive to your ideas.
• Step No.9. Live while you are alive. Don’t die before you are dead. Enthusiasm & desire are what change mediocrity to excellence. Water turns into steam with a difference of only 1 degree in temperature & steam can move some of the biggest engines in the world. That is what enthusiasm helps us to do in our lives.
• Step No. 10. Give honest & sincere appreciation. Sincere appreciation is one of the greatest gifts one can give to another person. It makes a person feel important. The desire to feel important is one of the greatest cravings in most human beings. It can be a great motivator.
• Step No. 11. When we make a mistake, we should accept it immediately & willingly. Some people live & learn while others live & never learn. Mistakes are to be learned from. The greatest mistake a person can make is to repeat it. A mistake is a mistake if it is committed twice.
• Step No. 12. Discuss but don’t argue. Arguing is like fighting a losing battle. Even if one wins, the cost may be more than the victory is worth. It will take you nowhere & the more you argue with people, the more they distance away from you. Emotional battles leave a residual ill will even if you win.
• Step No. 13. Don’t gossip. A gossip never minds his own business because he neither has a mind nor a business. A gossip is more concerned about what he overhears than what he hears. Gossip is the art of saying nothing in a way that leaves nothing unsaid.
• Step No. 14. Turn your promises into commitments. A commitment is a promise that is going to be kept no matter what. Commitment comes out of character & leads to conviction.
• The quality of your life will be determined by the depth of your commitment to excellence, no matter what your chosen field.
• Step No. 15. Be grateful but do not expect gratitude. Gratitude is a feeling. It improves our personality & builds character. Gratitude develops out of humility. It is a feeling of thankfulness towards others. Think of your most precious possessions. What makes them special? In most cases, the gift is less significant than the giver. Seldom are we grateful for the things we already possess.
• Step No. 16. Be dependable & practice loyalty. Ability is important but dependability is crucial. If you have someone with all the ability but he is not dependable, do you want him as part of your team? No, not at all.
• Step No. 17. Avoid bearing grudges. Forgive & forget. When a person refuses to forgive, he is locking doors that someday he might need to open. When we hold grudges & harbor resentment, who are we hurting the most? Ourselves.
• Step No. 18. Practice honesty, integrity & sincerity. Honesty inspires openness, reliability, & frankness. It shows respect for one’s self & others. Honesty is in being, not in appearing to be.
• Step No. 19. Practice humility. Confidence without humility is arrogance. Humility is the foundation of all virtues. It is a sign of greatness. Sincere humility attracts but false humility detracts.
• Step No. 20. Be understanding & caring. Relationships don’t come about because people are perfect. They come about because of understanding. Practice generosity. It is a sign of emotional maturity. Being generous is being thoughtful & considerate
without being asked. Be tactful. Tact is the ability to make a point without alienating the other person.
• Step No.21. Practice courtesy on a daily basis. Courtesy is nothing more than consideration for others. It opens doors that would not otherwise open. A courteous person, who is not very sharp, will go further in life than a discourteous but sharp person.
• Step No. 22. Develop a sense of humor. Learn to laugh at yourself because it is the safest humor. Laughing at yourself gives you the energy to bounce back.
• Step No. 23. Don’t be sarcastic & put others down. Negative people’s humor may include sarcasm, put downs & hurtful remarks. Any humor involving sarcasm that makes fun of others is in poor taste. An injury is forgiven more easily than an insult.
• Step No. 24.To have a friend, be a friend. Friendship takes sacrifice. Building friendships & relationships takes sacrifice, loyalty & maturity. Sacrifice takes going out of one’s way & never happens by the way. Selfishness destroys friendships.
• Step No. 25. Show empathy. The wrong we do to others & what we suffer are weighed differently. Empathy alone is a very important characteristic of a positive quality. People with empathy ask themselves this question: “How would I feel if someone treated
me that way?” Show a lot of understanding, sympathy & compassion towards others.
Successful people build a pleasing & magnetic personalities which helps in getting friendly cooperation from others. A pleasing personality is easy to recognize but hard to define. It is apparent in the way a person walks & talks, his tone of voice, the warmth in his behavior & his definitive levels of confidence.
In an organization where you work you need to relate extremely well with all kinds of people irrespective of their positions & status they hold. You need to get the best out of them at all times. People are imperfect, people will remain imperfect & it is how you get the work done through these imperfect people is all that matters. THUS, interpersonal relations are the key to any successful organization.
The source through which this article has been written has been many. I have gone through several management books, self development books, journals & magazines before I decided to write this article. I always felt that as a resource people are the most important resource & with experience & expertise the value of the people increase with the advancement of age. If one needs to be successful in his business place, he needs to possess people’s skills in abundance.
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LABOUR LAWS Cost of Living Index Numbers Applicable to the Employees Employed in the Scheduled Employments as on
01-04-2019, Cost of Living Allowance Payable - Andhra Pradesh – Click here To View
www.andhrachamber.com/images/Andhra%20Pradesh%20D.A.%20-%20April%202019.pdf
MW Shops and Est Act from March 5, 2019 – Click here To View
www.andhrachamber.com/images/MW%20Shops%20and%20Est%20Act%20March%202019.pdf
CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERS – (BASE 2001=100)
Sl. No Centre MAR 2019
ALL INDIA 309
ANDHRA PRADESH
1. Guntur 288
2. Vijayawada 291
3. Visakhapatnam 290
ASSAM
4. Doom Doom Tinsukia 273
5. Guwahati 273
6. Labac-Silchar 273
7. Mariani Jorhat 256
8. Rangapara Tejpur 250
BIHAR
9. Munger Jamalpur 340
10. Bhilai 323
gOA
11. Goa 329
guJARAT
12. Ahmedabad 279
13. Bhavnagar 293
14. Rajkot 297
15. Surat 268
16. Vadodra 275
HARAYANA
17. Faridabad 274
18. Yamunanagar 291
HIMACHAL PRADESH
19. Himachal Pradesh 267
JAMMu & KASHMIR
20. Srinagar 279
JARKHAND
21. Bokaro 297
Sl. No Centre MAR 2019
22. Giridih 342
23. Jamshedpur 351
24. Jharia 358
25. Kodarma 376
26. Ranchi Hatia 381
KARANATAKA
27. Bengluru 295
28. Belgaum 306
29. Hubli-Dharwar 326
30. Mercara 306
31. Mysore 308
KERALA
32 Ernakulam 314
33. Mundakayam 310
34. Quilon 356
MADHYAPRADESH
35. Bhopal 324
36. Chhindwara 304
37. Indore 280
38. Jabalpur 317
MAHARASHTRA
39. Mumbai 305
40. Nagpur 386
41. Nasik 357
42. Pune 331
43. Sholapur 324
ORISSA
44. Angul Talcher 328
45. Rourkela 309
PuNJAB
46. Amritsar 332
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Sl. No Centre MAR 2019
47. Jalandhar 319
48. Ludhiana 292
RAJASTHAN
49. Ajmer 286
50. Bhilwara 288
51. Jaipur 302
TAMILNADu
52. Chennai 276
53. Coimbatore 282
54. Coonoor 325
55. Madurai 294
56. Salem 287
57. Tiruchirapally 293
TELANgANA
58. Godavarikhani 321
59. Hyderabad 258
60. Warangal 315
TRIPuRA
61. Tripura 259
Sl. No Centre MAR 2019
uTTAR PADESH
62. Agra 351
63. Ghaziabad 339
64. Kanpur 340
65. Lucknow 334
66. Varanasi 325
WEST BENgAL
67. Asansol 332
68. Darjeeling 272
69. Durgapur 329
70. Haldia 337
71. Howrah 285
72 Jalpaiguri 277
73. Kolkata 288
74. Raniganj 288
75. Siliguri 276
76. CHANDIgARH 307
77. DELHI 297
78. PuDuCHERRY 312
Source: Labour Bureau, Shimla
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UPDATATION OF MEMBERSHIP DETAILS
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We are updating the database – Members business details in our records. We request you to kindly
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delay.
name of the company / individual
postal Address
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Est.
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Bank
Manufactures of
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Dr. V.L. INDIRA DUTT President &
Members of the Executive Committee of the
ANDHRA CHAMBER OF COMMERCE cordially invite you to the Session on
“Export Incentives and GST”
Speakers : Shri V.V.Sampath Kumar
Chairman - Indirect Taxes Sub Committe, ACC. : Shri R.R. Padmanabhan Chairman – Foreign Trade Sub-Committee, ACC.
Date & Time : 25th May, 10 A.M to 12 P.M
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RSVP: Secretary General Phone: 24315277 /78/79 Email: [email protected] Registration: 9.30 A.M
Dr. V.L. INDIRA DUTT President
&
Members of the Executive Committee of the
ANDHRA CHAMBER OF COMMERCE &
MADRAS MANAGEMENT ASSOCIATION cordially invite you to a presentation on
“Happy Living for Professional & Personal success” by
Shri Yoga Sharan aka V.S Prakash Corporate Trainer
Date & Time : 6.00 P.M. Wednesday, May 29, 2019
Venue : Chamber’s Conference Hall, “Velagapudi Ramakrishna Building”, 23, Third Cross Street, West C.I.T. Nagar Nandanam, Chennai-600 035.
R.S.V.P.: SECRETARY GENERAL Phone: 24315277/78 Email: [email protected] Hi-Tea - 5.30 P.M.
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In the service of Public for more than 56 years
Winning client’s trust with unmatched professionalism
Investigation • Pre & Post Matrimonial • Pre & Post Employment • Industrial Theft & Fraud • Undercover Operation
FOR TOTAL SECURITY SOLUTIONS IN INDIA
GLOBE DETECTIVE AGENCY
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Chennai No.152, Agurchand Mansion , Mount Road, Chennai-600 002. Tel: +91–44–42919500–599; E-mail: [email protected] Bengaluru Tel: +91-80-25717905/06;
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