ANDHRA CHAMBER OF COMMERCE

ANDHRA CHAMBER OF COMMERCE

Vol. LXXII

September 2019

INFORMATION BULLETIN

PROGRESS THROUGH COMMERCE AND INDUSTRY

www.andhrachamber.com

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Contents

Bulletin Advisory BoArd

Shri Ch. Venkateswara Rao

Vice-President

Shri R.R. Padmanabhan

Chairman,

Foreign Trade and Skill Development

Sub-Committees

Shri V.V. Sampath Kumar

Chairman, Indirect Taxes Sub-Committee

Shri K.n. Suresh Babu

E.C. Member

Shri M.K. Anand

Chairman

Information Technology

Computerisation & Telecom

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 03

Presentation on “Working Capital Management for MSMEs”, Secunderabad 04

“Business Meet on Afro Asean Trade”, Chennai 06

FOREIGN TRADE – Statistics 07

Recent Judgments in VAT CST GST by Mr. V.V. Sampath Kumar 12

Understanding the Role of the Finance Commissions by Mr. P.S.Kumar 15

Tips on How to Help Improve Cash Flow for MSMEs by Mr. S. Prakash 18

Boardroom functions by Mr. B. Venkateswaran 20

Consumer Price Index 24

Updation of Membership Details 26

Upcoming Programmes 27

Dear Members,

With great pride, the Chamber has successfully conducted the recently concluded International Business Meet on Afro ASEAN Trade on the 30th August 2019.

Though there are lot of opportunities for exports on one side, the current economic slowdown of the country, is a matter of great concern.

Currency fluctuations and a slowdown in GDP growth were the key reasons behind the fall in global GDP rankings. Even the latest annual report of the RBI for the fiscal year 2018-19 (or FY19) confirmed that the Indian economy has indeed hit a rough patch. The GDP growth rate of the economy has slipped to 5 per cent in the first quarter of FY20, the lowest in over six years. This is an indication of tougher times ahead.

Be it the recent collapse of the automobile sector or the rising number of non-performing assets (NPAs), sluggish consumer demand or failing manufacturing sector; all have a hand in this deceleration of growth rate.

Recession can be short lived, if corrective measures are taken immediately.

As a Chamber of commerce, we have to contribute in assisting the Small Business Development and also enrich them with latest tools in business. Small businesses help in stimulating the economic growth by providing employment opportunities to people thereby facilitate economic growth.

Thank you.

Dr. V.L. INDIRA DUTTPresident

Presidentdesk

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C H A M B e r

Presentation on “Working CaPital ManageMent for MsMes”, seCunderabad

Presentation on “Working Capital

Management for MSMEs” organised by

the Telangana State Chapter of the Andhra

Chamber of Commerce in association with M/s.

Spectra Financial Consultants was held on Tuesday,

August 20, 2019 at Hotel Parklane, S.D.Road,

Secunderabad for the benefit of the Trade and

Industry.

Shri R.C.Sahoo, AGM-SME Hub, UCO Bank,

Zonal Office, Hyderabad was the Chief Guest. He

made a detailed presentation on Bank Initiatives for

Working Capital for MSME Sector.

Dr.J.A.S.Giri, Chairman, Telangana State

Chapter of the Andhra Chamber of Commerce

chaired the session and welcomed the Chief

Guest and Guest Speaker. In his welcome address

Dr.J.A.S.Giri observed: Micro, Small and Medium

Enterprises (MSMEs) are amongst the strongest

drivers of economic development, innovation and

employment. The MSME sector also contributes

in a significant way to the growth of the Indian

economy with a vast network of about 63.38 million

enterprises. The sector contributes about 45% to

manufacturing output, more than 40% of exports,

over 28% of the GDP while creating employment

for about 111 million people, which in terms of

volume stands next to agricultural sector. To provide

impetus to the manufacturing sector, the recent

National Manufacturing Policy envisaged raising the

share of manufacturing sector in GDP from 16% at

present to 25% by the end of 2022.

Access to timely and adequate credit by MSMEs

at a reasonable cost is essential for growth of the

sector. The institutions lending to MSMEs in

India regulated by Reserve Bank include Scheduled

Commercial Banks (Public Sector Banks, Private

Sector Banks including Small Finance Banks, Foreign

Banks, Co-operative Banks and Regional Rural

Banks) and Non-Banking Financial Companies

including NBFC- MFIs. Due to their informal

nature, MSMEs lack easy access to formal credit as

banks face challenges in credit risk assessment owing

to lack of financial information, historical cash flow

data, etc. Further, very few MSMEs are able to attract

equity support and venture capital financing.

The recent report by the ‘Expert Committee on

Micro, Small and Medium Enterprises’ submitted to

the Reserve Bank of India by Shri U K Sinha, Former

Chairman, Securities and Exchange Board of India

and his team, recommended for a FINANCIAL

LITERACY program to be developed and made

available online to all the MSME Entrepreneurs to

help them understand the various finance related

issues that effect their businesses.

Telangana Chapter of the Andhra Chamber of

Commerce in association with Spectra Financial

Consultants have taken one step ahead and started

a series of Finance related programs to help our

members get some insights on the various issues

related to finance. The similar sessions may be

organized at Chennai, Visakhapatnam, Vijayawada

with the support of Spectra Financial Consultants.

Shri Abhiramula Moksha Kalyanram, Co-

ordinator of this programme briefed Introductory

Remarks and Shri C.S.V.Prasad, Managing Director,

Spectra Financial Consultants made a detailed

presentation on Working Capital Management for

MSMEs.

Earlier Dr. JAS Giri, Vice-President, honoured

the Chief Guest and Guest Speaker with flower

Bouquets and Mementos.

More than 70 participants drawn among the

chamber member-organisations and corporate

executives attended the meeting.

Shri R.C.Sahoo, Chief Guest and Guest Speaker

Shri C.S.V.Prasad, Managing Director, Spectra

Financial Consultants, Shri Abhiramula Moksha

Kalyanram, Co-ordinator of this programme

answered the questions raised by the members

present.

The meeting concluded with a Vote of Thanks

proposed by Shri VBSS Koteswara Rao, Member-

Executive Committee, Andhra Chamber of

Commerce followed by Dinner hosted by M/s.

Spectra Financial Consultants.

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Andhra Chamber of Commerce organized

Business Meet on AFRO ASEAN Trade

on the 30th August 2019 at Hotel ITC

Grand Chola, Chennai.

In a bid to transform trade and business sectors in

India and to discover and nurture its growth, Andhra

Chamber of Commerce held “BUSInESS MEET

On AFRO ASEAn TRADE” that aimed to focus

on creating a platform for discussion and dialogue

in promoting trade and business between India and

select African and ASEAN countries.

Eminent speakers like Mr MM Murugappan,

Chairman, Murugappa Group, Dr VL Indira

Dutt, President, Andhra Chamber of Commerce,

Mr Rajendra Kumar, IAS, Principal Secretary /

Industries Commissioner & Director Industries

and Commerce, Govt of Tamilnadu, Mr R Krishna

Chekuri, Vice President, Global IT operations&

Strategy, Sailotech, Kenya Spoke on business

opportunities and trade relation among AFRO

ASEAN countries.

Mr MM Murugappan, Chairman Murugappa

Group spoke about the emerging opportunities Afro

ASEAN countries provide to the industries in India.

He told there are lot of commodities and industries

not available in those countries and it’s a value

addition Indian business can give for their growth

and both the countries can get benefitted from this.

Mr Rajendra Kumar, IAS, Principal Secretary /

Industries Commissioner & Director Industries and

Commerce, Govt of Tamilnadu spoke how Tamil

Nadu Govt. has created a single window clearance

policy with a very cohesive/ friendly environment for

the MSME sector in the state.

The key objective of the business meet was

to provide import and export trade between the

countries in creating fair opportunities among

them and to familiarize the procedural aspects

in the bilateral trade. The meet was a platform to

connect product based common interest group

(CIG) that comprised, the members of the chamber

and other participants and representatives from

the participating countries. In the event a business

directory was launched by Mr Rajendra Kumar, IAS,

Principal Secretary / Industries Commissioner &

Director Industries and Commerce, Govt of Tamil

Nadu.

“Trade and investment go hand in hand, we have

to convert business into opportunities and our focus

on this business meet is to create those opportunities

in promoting bilateral trade business between the

countries. Similarly bilateral trade between ASEAN

and India has crossed USD 80bns.which not only

shows growing confidence but also constitutes the

highest volume of trade in goods that ASEAN and

India have witnessed since 2010.If this growth

continues, ASEAN-India trade is likely to touch

USD100bns., by the year 2020” said Dr.V.L.Indira

Dutt, President Andhra Chamber of Commerce.

The resource persons were drawn from Chambers

of Commerce from countries like Ghana, Myanmar,

Malaysia, Uganda and Kenya. They discussed

about the Trade/Investment opportunities in their

Countries.

B u s i n e s s M e e t o n A f r o A s e a n T r a d e , Chennai

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FOreiGn trAdestAtistiCs

India’s overall exports (Merchandise and Services combined) in April-August2019-20* are estimated to be

USD 227.36 billion, exhibiting a positive growth of 3.20 per cent over the same period last year. Overall

imports in April-August 2019-20* are estimated to be USD 268.24billion, exhibiting a negative growth of

1.18per cent over the same period last year.

India’s Foreign Trade (Merchandise): August 2019

* Note: The latest data for services sector released by RBI is for July 2019. The data for August 2019 is an

estimation, which will be revised based on RBI’s subsequent release.

I. MERCHAnDISE TRADE

EXPORTS (including re-exports)

Exports in August 2019 were USD 26.13 billion,

as compared to USD27.81 billion in August 2018,

exhibiting a negative growth of 6.05 per cent. In

Rupee terms, exports were ` 1,85,881.11crore in

August 2019, as compared to ` 1,93,397.12 crore in

August 2018, registering a negative growth of 3.89

per cent.

In August 2019, major commodity groups

of export showing positive growth over the

corresponding month of last year are

Cumulative value of exports for the period

April-August 2019-20 was USD 133.54 billion

(` 9,31,055.96 crore) as against USD 135.62 billion

(` 9,20,240.02 crore) during the period April-August

2018-19, registering a negative growth of 1.53 per

cent in Dollar terms (positive growth of 1.18 per

cent in Rupee terms).

Non-petroleum and Non Gems and Jewellery

exports in August 2019 were USD 19.60 billion,

as compared to USD 20.76 billion in August

2018, exhibiting a negative growth of 5.61 per

cent. Non-petroleum and Non Gems and Jewellery

exports in April-August 2019-20 were USD 99.41

billion, as compared to USD 99.17 billion for the

corresponding period in 2018-19, an increase of

0.24 per cent.

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IMPORTS

Imports in August 2019 were USD 39.58 billion

(` 2,81,606.41 crore), which was 13.45 per cent

lower in Dollar terms and 11.46 per cent lower in

Rupee terms over imports of USD 45.73 billion

(` 3,18,043.86 crore) in August 2018. Cumulative

value of imports for the period April-August 2019-

20 was USD 206.39 billion (` 14,38,839.05crore),

as against USD 218.81 billion (` 14,85,661.27crore)

during the period April-August 2018-19, registering

a negative growth of 5.68 per cent in Dollar terms

(negative growth of 3.15 per cent in Rupee terms).

Major commodity groups of import showing

negative growth in August 2019 over the

corresponding month of last year are:

CRUDE OIL AnD nOn-OIL IMPORTS:

Oil imports in August 2019 were USD 10.88

billion (` 77,380.49 crore), which was 8.90 per cent

lower in Dollar terms (6.81 per cent lower in Rupee

terms), compared to USD 11.94 billion (` 83,032.28

crore) in August 2018. Oil imports in April-August

2019-20 were USD 55.33 billion (` 3,85,835.81

crore) which was 6.34 per cent lower in Dollar terms

(3.81 per cent lower in Rupee terms) compared to

USD 59.07 billion (` 4,01,124.26 crore), over the

same period last year.

In this connection it is mentioned that the

global Brent price ($/bbl) has decreased by 18.98%

in August 2019 vis-à-vis August 2018 as per data

available from World Bank.

Non-oil imports in August 2019 were estimated

at USD 28.71 billion (` 2,04,225.92 crore) which

was 15.05 per cent lower in Dollar terms (13.10

percent lower in Rupee terms), compared to USD

33.79 billion (` 2,35,011.57 crore) in August 2018.

Non-oil imports in April-August 2019-20 were USD

151.06 billion (` 10,53,003.24 crore) which was 5.43

per cent lower in Dollar terms (2.91 percent lower

in Rupee terms), compared to USD 159.74 billion

(` 10,84,537.01crore) in April-August2018-19.

Non-Oil and Non-Gold imports were USD

27.34 billion in August 2019, recording a negative

growth of 9.33 per cent, as compared to Non-Oil

and Non-Gold imports of USD 30.15 billion in

August 2018. Non-Oil and Non-Gold imports

were USD 136.53 billion in April-August 2019-

20, recording a negative growth of 5.64 per cent, as

compared to Non-Oil and Non-Gold imports USD

144.69 billion in April-August 2018-19.

II. TRADE In SERVICES

EXPORTS (Receipts)

As per the latest press release by RBI dated 13th

September 2019, exports in July2019 were USD

19.08 billion (` 1,31,313.76 crore) registering a

positive growth of 8.72 per cent in dollar terms,

vis-à-vis July 2018. The estimated value of services

export for August 2019* is USD 19.44 billion.

IMPORTS (Payments)

As per the latest press release by RBI dated 13th

September 2019, imports in July 2019 were USD

12.83 billion (` 88,274.17 crore) registering a

positive growth of 18.24 per cent in dollar terms,

vis-à-vis July 2018. The estimated value of service

Import for August 2019* is USD 13.38 billion.

III. TRADE BALAnCE

MERCHAnDISE: The trade deficit for August

2019 was estimated at USD 13.45 billion as against

the deficit of USD 17.92 billion in August 2018.

SERVICES: As per RBI’s Press Release dated

13th September 2019, the trade balance in Services

(i.e. Net Services export) for July, 2019 is estimated

at USD 6.26 billion.

OVERALL TRADE BALAnCE: Taking

merchandise and services together, overall trade

deficit for April-August 2019-20* is estimated at

USD 40.89 billion as compared to USD 51.13

billion in April-August 2018-19.

*note: The latest data for services sector released

by RBI is for July 2019. The data for August 2019 is

an estimation, which will be revised based on RBI’s

subsequent release.

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MERCHANDISE TRADEEXPORTS & IMPORTS: (US $ Billion)

(PROVISIOnAL)

AUgUST APRIL–AUgUST


2018-19 27.81 135.62

2019-20 26.13 133.54

%growth 2019-20 / 2018-19 -6.05 -1.53

IMPORTS

2018-19 45.73 218.81

2019-20 39.58 206.39

%growth 2019-20 / 2018-19 -13.45 -5.68

TRADE BALAnCE

2018-19 -17.92 -83.19

2019-20 -13.45 -72.85

EXPORTS & IMPORTS: (Rs. Crore)

(PROVISIOnAL)

AUgUST APRIL–AUgUST


2018-19 1,93,397.12 9,20,240.02

2019-20 1,85,881.11 9,31,055.96

%growth 2019-20 / 2018-19 -3.89 1.18

IMPORTS

2018-19 3,18,043.86 14,85,661.27

2019-20 2,81,606.41 14,38,839.05

%growth 2019-20 / 2018-19 -11.46 -3.15

TRADE BALAnCE

2018-19 -1,24,646.73 -5,65,421.25

2019-20 -95,725.30 -5,07,783.09

SERVICES TRADEEXPORTS & IMPORTS (SERVICES) : (US $ Billion)

(Provisional) JULy 2019 April-JULy 2019-20

EXPORTS (Receipts) 19.08 74.38

IMPORTS (Payments) 12.83 48.48

TRADE BALANCE 6.26 25.90

EXPORTS & IMPORTS (SERVICES): (` Crore)

(Provisional) JULy 2019 April-JULy 2019-20

EXPORTS (Receipts) 1,31,313.76 5,15,865.75

IMPORTS (Payments) 88,274.17 3,36,242.10

TRADE BALANCE 43,039.59 1,79,623.65

Source: RBI Press Release dated 13th September 2019

Note: Services data pertains to July 2019 as it is the latest data available as per RBI’s Press Release dated 13th September 2019. This data is provisional and subject to revision by RBI.

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RECENT JuDgMENTS IN

VAt Cst Gst Shri V.V. Sampathkumar Chairman, Indirect Taxes Sub-Committee

Service of order: Since, the signature on the

acknowledgement card for the service of the

impugned is illegible and in any event, not that of

the petitioner, upon a comparison of the signature

on the affidavit filed in support of this writ petition,

the Court set aside the impugned assessment

order and directed the petitioner to appear before

the respondent on 19.08.2019 [Wednesday]

at 10.30 a.m., for hearing and completion of

assessment without any further notice in this regard.

S.Sakkeer Hussain, Maniyankuzhi Post-629 161,

Kanyakumari District.Vs.The Commercial Tax

Officer, Thuckalay Assessment Circle, W.P.(MD)

no.14495 of 2016 DATED: 08.08.2019

Input tax credit: The input tax credit claim

in respect of capital goods is restricted to those

equipment/activities that had been used/taken place

in the State; Thus, while rejecting the contentions of

the petitioner with regard to interpretation of Section

2(11) of the Act, the impugned assessments are set

aside and the same are remitted back to the file of

the Assessing Officer to be done after consideration

of the alternate contention of the petitioner in terms

of Section 19(5)(c) of the Act. For this purpose,

the petitioner is directed to appear before the

Assessing Authority on Thursday 20.08.2019 at

10.30 a.m along with its claim and all materials in

support thereof without any further notice in this

regard. Bharat Heavy Electricals Limited, Vs.The

Assistant Commissioner (CT), Tiruvarambur

Assessment Circle, W.P (MD) nos.1446, 1447,

1448, 1449 & 1450 of 2015 DATED: 09.08.2019

natural Justice: The respondent has offered a

personal hearing on 28.01.2016. The petitioner is

stated to have presented his accounts, the impugned

order has been passed on 22.01.2016, even prior

to the conduct of personal hearing. Thus, the

impugned order is liable to be set aside on the ground

that it violates principles of natural justice. and the

impugned order is set aside. Tvl.S.M.Leathers, vs

The Assistant Commissioner (CT) III, Dindigul-

624 001 W.P.(MD)no.3907 of 2016 DATED:

08.08.2019

Opportunity: Respondent issued a revisional

notice dated 31.01.2019 setting out a proposal

regarding assessment, primarily on the ground that

writ petitioner has not filed Declaration Forms

pertaining to concessional rate of tax that has been

claimed and another pertaining to documents to

support exemption that has been claimed. There is

no difficulty in accepting the submission of learned

Revenue Counsel that respondent does have the

statutory powers to make a revised assessment, but

what is of significance is, respondent having chosen

to give a reasonable opportunity to writ petitioner,

has neither referred to the revisional notice nor the

response to the same in the impugned order. In the

light of the aforesaid backdrop, impugned order is set

aside solely on the ground of reasonable opportunity

aspect without expressing any view or opinion on

merits. Writ petitioner is now granted four weeks’

time from today to submit further documents/

forms qua concessional rate of duty/exemption as

per revisional notice dated 31.01.2019. M/s.Amco

Batteries Ltd. Vs. The Assistant Commissioner

(ST) nungambakkam Assessment Circle Chennai

W.P.no.22924 of 2019 DATE: 05.08.2019

Remand directions: Writ petitioner is a dealer

in Hosiery garments under TNVAT Act. Monthly

returns filed were taken up for scrutiny. On this basis,

respondent issued five different revisional notices

to the writ petitioner dealer, all dated 07.06.2009,

setting out what according to the respondent are

defects in the returns and calling for objections from

the writ petitioner. Writ petitioner sent five different

detailed replies all dated 13.06.2019. Post revisional

notices and objections, the impugned orders came

to be passed. The detailed and elaborate objections

of the writ petitioner i.e., objections to the revisional

notices running to 11 pages and 21 paragraphs has

been simply shot down in one sentence containing

seven words. That one sentence is “The dealer’s reply

has not been accepted”. In the light of the discussion,

the five impugned orders are set aside with directions

M/s. CBC Fashions (Asia) Private Limited Vs.

The Assistant Commissioner [ST] Bazaar Circle,

Tirupur W.P.nos.23015, 23025, 23028, 23032 &

23034 of 2019 DATE: 06.08.2019

Alternate remedy: In the impugned order, the

respondent has not made the revised assessment in

accordance with and in tune with the directions

given by said Appellate Authority. Directions

given by Appellate Authority and impugned order

turns largely on facts. Therefore, this Court is of

the considered view that it would be appropriate

to relegate the writ petitioner to alternate remedy.

M/s.SVS Enterprises Vs. The State Tax Officer

gudiyatham (East) Circle W.P.no.23128 of 2019

DATE: 07.08.2019

HSD purchase and C forms: After introduction of

Goods and Services Tax; (GST), petitioner continued

to purchase High Speed Diesel Oil, against C forms

but, however, they could not download the C forms.

When the petitioner enquired with the Revenue

Department, the petitioner was informed that after

introduction of GST regime on and with effect

from 01.07.2017, the petitioner was not entitled to

make purchase of High Speed Diesel Oil from other

States on concessional rate of tax i.e., at 2% and

therefore, the Department’s site has been blocked to

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deny access to the petitioner. Following the ruling of

the Hon’ble Judge of this Court in a batch of writ

petitions i.e., W.P.Nos.19458 to 19460 of 2018 etc.,

on 26.10.2018 in Ramco Cements matter this Writ

Petition is allowed. Consequently, necessary action

to be taken by the department, forthwith is provide

the C forms . Amarjothi Spinning Mills Ltd.

vs.The State Tax Officer, Office of the State Tax,

Bharathy Street, gobi – 638 452.W.P.no.19468

of 2019 Dated : 11.07.2019

Mismatch: Instant writ petitions pertain to two

Assessment Years, namely 2014-15 and 2015-16.

The Issue involved, amongst others, is mismatch

of purchases and sales of buyer and seller. Learned

counsel for writ petitioner submitted that respondent

has held that writ petitioner has not reported

purchases by taking into account the Annexure

II of writ petitioner’s sellers without following

JKM graphics principle. [JKM Graphics Solutions

Private Limited vs. Commercial Tax Officer, Vepery

Assessment Circle, Chennai, reported in [2017] 99

VST 343 (Mad)] . Stating so, two impugned orders,

both dated 31.12.2018 are set aside; J.P.Agencies

Vs. Assistant Commissioner (ST) Saidapet

Assessment Circle W.P.nos.5529 and 5531 of

2019 DATE: 12.07.2019

gST Tran Credit: It is submitted that owing

to a lesser amount being credited in SGST Credit

Ledger of writ petitioner, efforts were taken by writ

petitioner i.e., correctional measures, but in vain. It is

the specific case and stated position of writ petitioner

that they had approached respondents with regard to

reopening, but had not received any communication

after submission of documents by the writ petitioner.

It is also submitted that electronic submission

did not fructify as the system does not accept the

same. Considering the facts and submissions the

Court granted an opportunity by directing the

Writ petitioner’s authorised representative with

due authorisation, shall go before the aforesaid

Officer on 29.7.2019 (Monday) i.e., 29th day of

July, 2019 at 11.30 A.M. and present all material in

support of their Credit Ledger, besides articulating

the difficulty that is being faced. Though obvious

venue shall be abovementioned office of aforesaid

Officer. To be noted, date, time and venue has been

given to this Court by learned Revenue Counsel

after getting instructions. M/s.Parekh Integrated

Services Pvt. Ltd..,Vs.The Superintendent of GST

& Central Excise, Maduravoyal Range, and others.

W.P.No.9052 of 2019 DATED : 16-07-2019

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Sharing of reSourceS Betweenthe centre and the StateS -

Understanding the role ofthe finance commissions

Mr. P.S.Kumar Former President of ACC

Introduction

All of us know that India has a federal system of

government with allocation of responsibilities and

duties between the Central Government and the

State Governments. Consequently, this also involves

sharing and allocation of resources for functioning

between the Centre and the States. Thus, it is one of

the most important aspects of fiscal management of

the country defining a fair and equitable manner of

sharing of resources.

With the federal structure, India suffers from

both vertical and horizontal fiscal imbalances.

Vertical imbalances between the central and state

governments result from states incurring expenditures

disproportionate to their sources of revenue, in the

process of fulfilling their responsibilities. However,

states are better able to gauge the needs and concerns

of their inhabitants and therefore more efficient at

addressing them. Horizontal imbalances among

state governments result from differing historical

backgrounds or resource endowments, and can

widen over time.

This is not unique to India. There are other

examples in other parts of the world such as Australia

and Canada. Most federal systems resolve the vertical

and horizontal imbalances through mechanisms

similar to the Finance Commission of India.

The Finance Commission

The Finance Commission was constituted by the

President under Article 280 of the Constitution in

the year 1951 mainly to give its recommendations

on distribution of tax revenues between the Union

and the States and amongst the States themselves.

Two distinctive features of the Commission’s work

involve redressing the vertical imbalances between

the taxation powers and expenditure responsibilities

of the Centre and the States respectively and

equalization of all public services across the States.

The Finance Commission (Miscellaneous

Provisions) Act, 1951 additionally defines the terms

of qualification, appointment and disqualification,

the term, eligibility and powers of the Finance

Commission. As per the Constitution, the

Commission is appointed every five years and

consists of a chairman and four other members.

The functioning of the Finance Commission

The duty of the Commission to make

recommendations to the President in the matters of -

• the distribution between the Union and the

States of the net proceeds of taxes which are to

be, or may be, divided between them and the

allocation between the States of the respective

shares of such proceeds;

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• the principles which should govern the

grants-in-aid of the revenues of the States out

of the Consolidated Fund of India;

• the measures needed to augment the

Consolidated Fund of a State to supplement

the resources of the Panchayats in the State

on the basis of the recommendations made by

the Finance Commission of the State;

• the measures needed to augment the

Consolidated Fund of a State to supplement

the resources of the Municipalities in the State

on the basis of the recommendations made by

the Finance Commission of the State;

• any other matter referred to the Commission

by the President in the interests of sound

finance.

The Commission determines its procedure

and have such powers in the performance of their

functions as Parliament may by law confer on them.

The Term of the Finance Commission

The Finance Commission’s recommendations

will cover a period of 5 years. The First Finance

Commission was constituted vide Presidential

Order dated 22.11.1951. So far fifteen Finance

Commissions have been constituted at intervals

of five years. The most recent i.e. the fifteenth was

formed in 2017 which will cover the five year period

commencing from 1st April, 2020. Although the

Finance Commission was originally required to give

its report by 30th October, 2019, the Union Cabinet

has extended the term to 30th November 2019.

14th Finance Commission

The following are the major recommendations of

14th Finance Commission:

1. The share of states in the net proceeds

of the shareable Central taxes should be

42%. This is 10 percentage points higher

than the recommendation of 13th Finance

Commission.

2. Revenue deficit to be progressively reduced

and eliminated.

3. Fiscal deficit to be reduced to 3% of the GDP

by 2017–18.

4. A target of 62% of GDP for the combined

debt of centre and states.

5. The Medium Term Fiscal Plan (MTFP)

should be reformed and made the statement

of commitment rather than a statement of

intent.

6. The Fiscal Responsibility and Budget

Management Act, 2003 (FRBM) needs to

be amended to mention the nature of shocks

which shall require targets relaxation.

7. Both centre and states should conclude

‘Grand Bargain’ to implement the model

GST Act.

8. Initiatives to reduce the number of Central

Sponsored Schemes (CSS) and to restore the

predominance of formula-based plan grants.

9. States need to address the problem of losses in

the power sector in time bound manner.

It may be noted that these are recommendations

and therefore can be rejected. One of the most

significant factors for allocation and calculation of

share in taxes that has influenced the allocation of

resources is forest cover being assigned a value of

7.5% in terms of weightage. What influenced the

Finance Commission in forest cover being considered

for the first time is the rational that states should

be compensated for keeping forests standing and

thus not earning revenue and secondly to ‘reward’

for contributing towards ecological benefits. Please

await the final recommendations by the Finance

Commission.

Conclusion

As already mentioned the final recommendations

of the fifteenth Finance Commission are awaited

since the last day for submission has been extended

16

to 30th November, 2019. One of the key factors

that has caused a debate is the use of 2011 census

figures exclusively instead of the previously used

combination of 1971 and 2011 census population

figures. It would be interesting to see what the final

recommendations are going to be.

As the editorial in Economic Times dated 7th

September, 2019 says, one of the pragmatic measures

announced by the hon’ble Minister for Finance is the

release of Rs.30,000 crores towards outstanding dues

of the Central Government to the vendors who have

supplied materials and services. However, there is no

corresponding action from the State Governments

which leaves the vendors suffering. Whether the

future Finance Commissions will address this issue

is keenly being watched although it would take

a considerable amount of time before we see any

solution to the problem. This is one area where

Chambers of Commerce can play a major role.

Acknowledgements

The author gratefully acknowledges the sources

of material for this article on this very important

topic that every Indian should be familiar with. The

sources are (1) Finance Commission India, www.

fincomindia.nic.in, (2) wikipedia and (3) “Keep

Planting Money Plants” article by Mr.Jonah Busch,

Ms.Avani Kapur and Mr.Anit Mukherjee published

in Economic Times dated 7th September, 2019.

(The views expressed are solely of the author)

17

Article by Mr. S. Prakash

If its India, its MSMEs

Consider these six strategies on how to help

improve cash flow in small business.

1. Use a software tool to stay on track.

Tracking your available cash and anticipated

inflow and outflow of money throughout the month

can be a vital step in managing your cash flow but

it can be time-consuming for a busy business owner.

You can make it easy for yourself by using one of

the many online cash-flow management tools. You

can do a search to find one that works best for your

budget.

2. Expand payment options for customers.

When you examine how to improve cash flow in

small business, you may want to focus on speeding up

the process for customers to pay you. For one thing,

you could offer more payment options by accepting

credit cards, debit cards or automated clearing house

(ACH) payments. Consider as well digital wallet or

mobile payment solutions (like Google Pay, PayTM

etc.).

3. Match receivables to payables.

An oft-forgotten aspect of how to improve cash

flow for small business is to look at the payment

terms for your suppliers and compare them to

the payment terms for your customers. If you’re

required to pay your suppliers within 30 days but

you allow customers to pay within 45 or 60 days,

you’re creating a gap in cash flow. When considering

how to improve cash flow in small business, that’s an

important area to focus on.

4. Consider factoring your unpaid invoices.

If your business is growing rapidly and you’re

concerned about meeting your overheads, you may

want to explore factoring your unpaid invoices as a

potential, short-term solution to cash-flow problems.

(The dictionary defines factoring as “the business of

purchasing and collecting accounts receivable or of

advancing cash on the basis of accounts receivable.”).

Invoice factoring can help improve your cash flow

and free up the working capital needed to run your

business. As with any such financing transactions, be

sure to seek professional advice to determine if this is

a suitable option for your business.

5. Pick up the phone.

An overlooked aspect on how to improve cash flow

in small business is the human touch. If you’ve sent

email reminders or automated electronic reminders

to customers whose invoices are past due without

6 Tips on How to Help Improve

for MSMEs

18

much success, consider picking up the phone and

talking to them. A phone collection executive works

wonders in many cases.

6. Stop acting like a bank.

Are you extending long payment terms or

allowing too many customers more than the standard

30 days to pay for your goods and services? You may

be causing a cash-flow squeeze that could ultimately

hurt the financial health of your company. Think

about doing an audit and resolving to minimize or

eliminate long payment terms altogether.

Please follow the above strategies and see how

your cash flow position improves.

(The views expressed are solely of the author)

19

20

Introduction

The boardroom is where the people at the cop

vested with the powers meet, analyse and discuss

periodically, with a view to making macro-level

decisions for the smooth and successful functioning

and control of a company or organisation, keeping

the interest of all the stakeholders. The Board is

always expected to lead the company with a high level

of competence, transparency and fairness -all with a

view to leading to superior sagacity of governance.

The culture and reputation of a company arc

determined by the Board and their behaviour, which

naturally percolates [0 all levels of operations.

Basic functions

The Boardrooms should always revolve around the

basic principles of ethics, stakeholders’ overall interest

woven with transparency amongst the members

and with democratic values. There are occasions

when the professional and independent members

on the Board arc deprived of the full and truthful

background of the matters being discussed, and

insalubrious materials are conveniently swept under

the carpet. This, many a time, leads to unpleasant

and avoidable conflicts amongst the members once

the decisions are taken and implemented wherein

critical comments and consequences surface later.

A director in a leading company stated that the

information which was not released to him in the

meeting under the pretext of high confidentiality

has been in public domain in a few days putting

him into a lot of embarrassment. The Public Sector

Boards are always saddled with retired or serving

senior bureaucrats; and CEOs who often forget the

role delineation and instead of guiding them in the

proper perspective more often than not, take upper

hand to twist them to suit their convenience.

It is also not uncommon to witness these directors

exert far more influence than they should, that too

outside the boardrooms. While it is acknowledged

that the Boardrooms arc power centres of Corporate

India and it is for this fact that they should have

people as Board members, with a lot of integrity,

maturity, sagacity and wisdom to make decisions

on data-based facts and with emotional balance and

intelligence.

boardrooM funCtions Key to Better Corporate Governance

Article by Prof. VenkateswaranProfessor of Finance

21

The Board mar also have their own medium

and long term succession plan of top management

personnel for a smooth transition as is being practised

by organisations like lTC, HUL etc. A Corporate

entity having numerous branches and units operating

in various geographical locations and with a diverse

workforce and managerial personnel, far away from

them, need to take highly balanced decisions keeping

the overall interest of the organisation sans parochial

considerations and taking their inputs as well.

A strong Board leads to a healthy organisation

While the Board may have seasoned persons with

varied domain expertise with a view to facilitating

the management to operate and function in a

professional manner, it is also a ‘sine qua non’ that

the Board is decorated with professionals who

might dissent and challenge the decisions taken by

the majority, sometimes out of subjectivity and for

other reasons so that the issues could be visualised

in a different perspective as well, analogous to what

happens amongst the constitutional five-bench

judges in Supreme Court. It would sometimes

open up a new perception to the issue per se, which

might crop up later at the time of implementation

of the decisions. The Chairman of the Board has

the onerous responsibility of carrying on with

all the Board Members in a unflustered manner,

always focusing on the issues being discussed

objectively without any fear or favour, in the larger

interest of the stakeholders of the organisation and

initiate steps to ensure that there is no scope to

form groups as was witnessed by us in the recent

past in some organisations. Innovation, growth,

productivity enhancement, enrichment of Investors'

value consistently, competitive strategy, regulatory

compliance, immaculate governance norms, strategic

planning, superior quality delivery to delight the

clientele, risk management, cyber fortification, data

perpetuation, strict regulatory compliance et al

should be the pre-eminent and paramount intent in

the functioning of the Board at all times. After all,

the Board being the highest policy-making body of

an organisation is vested with enormous powers and

‘with great power comes with great responsibility.

The Board should guide the operational staff or

executive team to put in place a powerful ‘Business

Eco-system’ embedded with value-based ethics and

adorable culture cowards reaching a coveted brand

value for the organisation over a period of time. The

‘Mission and Vision’ declarations should always be

pursued in all its operations in both letter and spirit.

The Board has the task cut out for them to frame

admirable HR policies and philosophy to attract the

best talent and retain them for a long period of time.

The Board should resonate the reasonable ambitions

and aspirations of all the stakeholders, including the

personnel at large, and frame the policies accordingly.

The Board, in its entirety, will do well if it is driven

by a long term strategy for building a brand value

rather than operating on myopic considerations.

The Board should imbibe the best industry practices

as part of their mission. The Board could possibly

operate with a calibrated optimism with appropriate

‘safety net’ for critical functions and contingencies.

To quote an illustration, a highly reputed and

award-winning automobile supplier in Chennai,

which has been continuously sourcing auto-parts

to a leading Car manufacturer in the US has

encountered a peculiar problem once years ago. A

huge consignment sent by them by a vessel could not

be off-loaded due to a flash Strike in US port, and

hence the US company was about to stop production.

And when the same was explained to the supplier, the

Board Members of the supplying Company, in order

to keep the production uninterrupted preferred to

send the materials through a special cargo airline

carrier without minding the additional costs and

erosion of profits. This was well recognised and

appreciated by the US Company that gave a special

award to the company.

The Board is a harbinger for excellence

The Board should have an established system

of getting their decisions scrutinised and evaluated

constantly with a view to taking corrective steps

before they prove to be late and disastrous at times.

This may possibly be achieved by nominating credible

and unblemished persons with high integrity - a small

group of professionals not related to the Company

in any other way and who have demonstrated an

eye for details, accuracy, balanced, matured view of

things, apart from a pragmatic approach blended

with a sense of analysis and accountability.

The Board Members need co interact with the top

team of operational personnel constantly and update

themselves with the happenings on the ground and

evolve suitable and dynamic strategic tools to improve

the efficiency of the organisation without confining

its role to a mere advisor). The family-run businesses

and their Boards have an additional obligation to

constantly fetch professional counselling for all their

decisions from outside experts and get them validated

so that the catastrophe arising out of subjectivity

could be purged out.

The Board should be supported by an able

and efficient Company Secretary to professionally

manage the entire operations with a well-designed

blueprint with - an action-packed strategy to

meticulously follow up the decisions taken within

a time frame by duly coordinating with all sections

of the organisation and give feedback to the Board

constantly.

Similarly, the auditors of the Company need to

be appointed with a lot of scrutiny who would be

professionally proficient with an unblemished track

record and who would be candid and call a ‘spade,

a spade’ approach and facilitate a transparent and

credible functional feedback to the organisation.

People in the corporate world would not have

forgotten the role of auditors in the case of erstwhile

Sat yam Computers episode a decade or more ago.

The Chairman of the Board has to ensure that the

lndependent and professional directors’ views arc

always solicited and recorded although they may be

dissimilar in nature and may not be a part of the final

decision.

Boardroom management is still evolving: A

suggested pathway

The Board Members should have always a third

eye of viewing the direction in which the industry as

a whole is progressing and their Company per se, in

the multiple business domains and initiate proactive

measures to confidently face the emerging challenges

and the competition from the existing players and

the new ones, fresh regulatory stipulations and the

like to stay ahead as a Leader with substantial market

share of business. The Board may take up limited

issues in its agenda per meet, focus on them in a

discernible manner. The whole agenda items are to

be circulated well in advance at least 15 days ahead

of the meeting and solicit the views of the members

to add or elaborate some of the related issues so that

they come fully prepared for the meeting and the

latter emerges as a lucid and a professional meet

without diversions and the time factor is ensured.

While it is necessary to evaluate the minutes of the

last few meetings and the feedback thereon, it is

equally noteworthy to deliberate, debate, decide and

document (4 Ds) the proceedings with an eye on

practicality and operational ease.

The Board Members, including the Chairman,

particularly of family run organisations, should

periodically update themselves with formal training

and be willing to learn the contemporary and

emerging best business practices.

Corporate Governance and ethical values should

be part of business operations and embedded in the

system from top to bottom and be part of standard

operative systems of the organisation. Any variance

and deficiency should be brought to the knowledge

of the top management for rectification forthwith.

The Board may entrust the task of identifying new

areas of growth through both organic and inorganic

to the smart professionals of the company. This may

be ventured based on the present strengths of the

organisation, taking into consideration the backward

and forward integration of values and potential.

The Board may also build its brand value through

seamless initiatives to ensure that its Corporate

Social responsibilities (CSR) are in full 'letter and

spirit' sans ritualistic attitude. The staff members

and their family members may also be involved

22

in this process so that the results are tangible and

fulfilling leading to a sense of bonding and belonging

amongst the employees, their family members and

the organisation perse.

It is also incumbent on the part of the Board

to periodically change the member directors rather

than keeping the same old lot, by injecting new,

young and fresh minds who would perhaps view

the emerging challenges in a diverse perspective and

facilitate the prosperity of the organisation.

If an organisation is a listed company, utmost

secrecy of its decisions in the Boardroom be

maintained without any tinge of an imminent

leakage as otherwise the organisation may have

to pay a huge penalty for leaking market / price

sensitive information followed by a charge of ‘insider

trading’ as was witnessed by us years back with Rajat

Gupta and Raj Rajararnam having been charged

with penal provisions in the US and many such cases

in Indian scenario as well. The Board may also have

qualified and capable women to the extent of one-

third of its members and give them due importance

and motivation so that they eventually prove to be

valuable assets to the organisation.

The Board will also do well to have an open

'Whistle¬blower' policy made known to all the

operational staff as that would bring in the latent

pitfalls and grey areas to the surface as has been

recently witnessed in one of the top

IT Companies

The Board Members may perhaps take a cue

from the words of Peter Drucker, 'Look at the

organization, not as an insider but as the one from the

outside in. The Board Members each of them -may

even venture into interacting in an informal way

with the operational members of the organisation to

capture the mood, mindset. morale and motivational

levels of the personnel at the grass-root levels and

imbibe their inputs into the policy framework of the

organisation per SC, as is being followed by some of

the successful Japanese companies.

Conclusion

In short, the health of the organisation, its

prosperity and growth will in its entirety depend upon

the vision, and the commitment of the Board which

eventually percolates to all the levels of operations

and this indeed needs to be ensconced in the minds

of all the Board Members at all times. The Board

may always march towards a value-creating Board

and have their benchmarks laid down for delighting

their stakeholders. The making or marring of an

organisation is in the hands of the Board Members.

23

CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERS

(BASE 2001=100)

Sl. No Centre July 2019

ALL INDIA 319

ANDHRA PRADESH

1. Guntur 295

2. Vijayawada 303

3. Visakhapatnam 299

ASSAM

4. Doom Doom Tinsukia 286

5. Guwahati 286

6. Labac-Silchar 279

7. Mariani Jorhat 266

8. Rangapara Tejpur 262

BIHAR

9. Munger Jamalpur 354

10. Bhilai 332

gOA

11. Goa 342

guJARAT

12. Ahmedabad 285

13. Bhavnagar 301

14. Rajkot 300

15. Surat 278

16. Vadodra 282

HARAYANA

17. Faridabad 280

18. Yamunanagar 304

HIMACHAL PRADESH

19. Himachal Pradesh 274

JAMMu & KASHMIR

20. Srinagar 281

JARKHAND

21. Bokaro 308


22. Giridih 349

23. Jamshedpur 365

24. Jharia 371

25. Kodarma 391

26. Ranchi Hatia 396

KARANATAKA

27. Bengluru 299

28. Belgaum 312

29. Hubli-Dharwar 342

30. Mercara 313

31. Mysore 318

KERALA

32 Ernakulam 322

33. Mundakayam 320

34. Quilon 372

MADHYAPRADESH

35. Bhopal 336

36. Chhindwara 314

37. Indore 289

38. Jabalpur 326

MAHARASHTRA

39. Mumbai 312

40. Nagpur 403

41. Nasik 362

42. Pune 351

43. Sholapur 335

ORISSA

44. Angul Talcher 335

45. Rourkela 319

PuNJAB

46. Amritsar 342

24


47. Jalandhar 325

48. Ludhiana 298

RAJASTHAN

49. Ajmer 294

50. Bhilwara 298

51. Jaipur 320

TAMILNADu

52. Chennai 286

53. Coimbatore 287

54. Coonoor 339

55. Madurai 302

56. Salem 300

57. Tiruchirapally 305

TELANgANA

58. Godavarikhani 343

59. Hyderabad 270

60. Warangal 326

TRIPuRA

61. Tripura 267


uTTAR PADESH

62. Agra 365

63. Ghaziabad 340

64. Kanpur 348

65. Lucknow 346

66. Varanasi 340

WEST BENgAL

67. Asansol 344

68. Darjeeling 278

69. Durgapur 332

70. Haldia 362

71. Howrah 294

72 Jalpaiguri 288

73. Kolkata 291

74. Raniganj 296

75. Siliguri 287

76. CHANDIgARH 317

77. DELHI 307

78. PuDuCHERRY 324

Source: Labour Bureau, Shimla

25

26

UPDATATION OF MEMBERSHIP DETAILS

Kind Attn: Members

Dear Sir/Madam;

We are updating the database – Members business details in our records. We request you to kindly

inform the Chamber if there are any changes in your mailing list – Address, contact details, Name of the

representative, change in the Email-ids and Telephone numbers in the below mentioned format.

Please forward the same to the Chamber by Email: [email protected] duly filled in for

making necessary changes in our records. Please extend your cooperation support in this regard without

delay.

name of the company / individual

postal Address

Telephone

Fax

Mob

Email

Est.

Website

gST no

name of the representative –

Designation in the company

Bank

Manufactures of

Exporters of

Importers of

27

INTRODUCTION:

Small businesses often think that Social media is their low priority task. In fact, only 53% of small

businesses say they actively use social media. The rest? They claim they don't have the bandwidth,

resources, time, money or energy. Not many are aware that there are cost effective solutions for

having a website, setting up an ecommerce store for their business and doing basic digital marketing

can be managed on their own.

To create awareness and to appraise the MSMEs of the latest solutions in Social Media and to facilitate

them to create their own e commerce store, the Andhra Chamber of Commerce and FNF, South Asia

is organising a one day workshop. This workshop will employ guided, self paced learning supported

by class room sessions and mentorship.

COURSE COVERAGE:

• Introduction to ecommerce & digital marketing

• Ecommerce business models like B2C, B2B & C2C.

• Practical insights on registering domain & choosing hosting account

• Importance of brand identity & website design approach

• Setting up a CMS website & online store using WordPress

• Basics of digital marketing & usage of tools & techniques

ONE DAY WORKSHOP ON

“E COMMERCE AND DIGITAL MARKETING”30thSeptember2019

HotelGRTGrand,T.Nagar,Chennai

FRIEDRICH NAUMANNFOUNDATION For Freedom.

South Asia


uPCOMINg PROgRAMMES

28

Date : 30th September 2019

Time : 9.30 a.m. to 5.00 p.m.

Venue : Hotel GRT Grand, Sir Thyagaraya Road, Chennai 600 017

Resource Person : Mr.M.K.Elango, Ecommerce & Digital marketing consultant,

Elandigital, Chennai.

Organisers:

Andhra Chamber of Commerce:

Andhra Chamber of Commerce is an industry body established in the year 1928 and has around 1550

industry members and over 35 industrial and trade associations. The Chamber has its ofces in Chennai,

Secunderabad, Visakhapatnam, Vijayawada and Nellore.

Friedrich Naumann Foundation for Freedom:

The Friedrich Naumann Foundation for Freedom (FNF) is an international non-prot organization

promoting the ideas of liberal democracy, respect for human rights, rule of law and economic freedom.

FNF works on some of the most important issues related to liberalism such as the opening of the Indian

economy, working with the police to transform into a democratically accountable service, making cities

more liberal for their citizens, harnessing the power of the revolutionary Right to Information Act,

ensuring property rights as well as dealing with the challenges thrown up by climate change. More

recently, the Foundation has supported programs dealing with the challenges and chances of digital

transformation.

FNF pursues these goals, which are part and parcel of the great Indian democratic tradition embodied in

the Constitution, in partnership with policymakers, business leaders, national and international NGOs,

universities as well as journalists and think tanks.

Criteria for Participation:

1. Participants should be MSMEs/Industry Owners who has Products/Services

2. Participant should possess basic knowledge on Computer Operations and Internet

3. Participants should bring their own laptop along with data card for the workshop.

If you are a MSME with products/services to sell and if you are familiar with the computer operations

then this is the programme that you should register.

“E COMMERCE AND

DIGITAL MARKETING”

There is no participation fee. But Registration in advance by email is mandatory.

For Registration please contact:

Andhra Chamber of Commerce,

“Velagapudi Ramakrishna Bldg.” No. 23, ThirdCross Street, West CIT Nagar,

Nandanam, Chennai - 600 035.

Phone: 24315277/78 Email: [email protected]

29

Date : 30th September 2019

Time : 9.30 a.m. to 5.00 p.m.

Venue : Hotel GRT Grand, Sir Thyagaraya Road, Chennai 600 017

Resource Person : Mr.M.K.Elango, Ecommerce & Digital marketing consultant,

Elandigital, Chennai.

Organisers:

Andhra Chamber of Commerce:


industry members and over 35 industrial and trade associations. The Chamber has its ofces in Chennai,

Secunderabad, Visakhapatnam, Vijayawada and Nellore.

Friedrich Naumann Foundation for Freedom:

The Friedrich Naumann Foundation for Freedom (FNF) is an international non-prot organization

promoting the ideas of liberal democracy, respect for human rights, rule of law and economic freedom.

FNF works on some of the most important issues related to liberalism such as the opening of the Indian

economy, working with the police to transform into a democratically accountable service, making cities

more liberal for their citizens, harnessing the power of the revolutionary Right to Information Act,

ensuring property rights as well as dealing with the challenges thrown up by climate change. More

recently, the Foundation has supported programs dealing with the challenges and chances of digital

transformation.

FNF pursues these goals, which are part and parcel of the great Indian democratic tradition embodied in

the Constitution, in partnership with policymakers, business leaders, national and international NGOs,

universities as well as journalists and think tanks.

Criteria for Participation:

1. Participants should be MSMEs/Industry Owners who has Products/Services

2. Participant should possess basic knowledge on Computer Operations and Internet

3. Participants should bring their own laptop along with data card for the workshop.

If you are a MSME with products/services to sell and if you are familiar with the computer operations

then this is the programme that you should register.

“E COMMERCE AND

DIGITAL MARKETING”

There is no participation fee. But Registration in advance by email is mandatory.

For Registration please contact:


“Velagapudi Ramakrishna Bldg.” No. 23, ThirdCross Street, West CIT Nagar,


Phone: 24315277/78 Email: [email protected]

ExploreTheSpace(A Global Academy on Space Sciences & Technology)

Indian Space Industry – Opportunities for Employment

and Entrepreneurship

Presents a Seminar on

stat 3.00 pm on Tuesday, 1 October 2019

RSVP: Andhra Chamber of Commerce, Phone: 044 2431 5277

Explore The Space, Mobile: + 91 9790973789

Andhra Chamber of Commerce, Nandanam, Chennai - 600 035

Key note Address

Prof. V. Ramamoorthy

Scientist, ISRO ( Retd)

Special Remarks

D.V.Venkatagiri

Founder & CEO, Explore The Space

Inaugural Address

Dr. V.�. Indira Du�

President, Andhra Chamber of Commerce

30

FRIEDRICH NAUMANNFOUNDATION For Freedom.

South Asia


31

Platinum

Gold

Sustainability and Energy Practitioner Association (SEPA) is started with a vision to advance green

technologies in India through knowledge sharing, skill development and international collaboration.


industry members and over 35 industrial and trade associations. The Chamber has its offices in

Chennai, Secunderabad, Visakhapatnam, Vijayawada and Nellore. Friedrich Naumann

Foundation for Freedom was established in Germany in 1958 and aims to promote the goal of

making the principle of freedom valid for the dignity of all people and in all areas of society both in

Germany and abroad. The Foundation works on areas like Climate Change, civic education, economic

freedom etc., SEPA with its focus on green energy technologies and innovations would help its

members thrive in their businesses by knowledge sharing through events and vendor meets, policy

lobbing to influence decisions based on the needs of cleantech sector, cleantech research through

collaboration with educational institutions and networking with fellow green energy professionals.

Andhra Chamber of Commerce and Sustainability & Energy Practitioners Association (SEPA) in

association with Friedrich Naumann Foundation for Freedom, South Asia, Micro Small and

Medium Enterprises (MSME), Telangana State Renewable Energy Development Corporation Ltd. ndand Cares Renewables Pvt. Ltd. is Organizing the 2 Edition of Two-Day Workshop and Vendors Meet

on “Advanced Solar PV Technologies” at Indian Institute of Chemical Technology, Hyderabad on October

14 and 15 of 2019.

The workshop is organized with the objective of disseminating knowledge regarding Advances in Solar PV

Technologies. The workshop will discuss how Solar PV Professionals can embrace upcoming opportunities, and

address the Key Policy & Technology Challenges faced by the Industry. The Vendors meet and Expo will provide

net-working opportunities, and a feel of the cutting-edge in Solar PV to Participants.


SUSTAINABILITY AND ENERGY PRACTITIONER ASSOCIATION &

FRIEDRICH NAUMANN FOUNDATION FOR FREEDOM, SOUTH ASIA

SUPPORTERS - 2018

ABOUT US :

ABOUT THE EVENT

32

Workshop is focused on Advances in Solar PV Technology and how it can address the challenges and

the up-coming opportunities in Solar PV Industry. The Speakers in the conference will have

representatives from senior management of Cutting-Edge Solar PV Companies and Key Policy

Makers.

Ÿ Panel Discussion on Challenges & Opportunities in Solar PV Industry

Ÿ Advances in Solar PV Module Technology

Ÿ Technical Trends in Next Generation Grid-tied Solar Inverters

Ÿ Electric Vehicles and Storage's Impact

Ÿ Solar O&M and Installation Practices

TOPICS COVERED IN WORKSHOP

EVENT HIGHLIGHTS:

Ÿ Participation from 250+ Solar PV Professional

Ÿ Eminent speakers from Top Companies & Institution, who are experts in Solar PV Technology

Ÿ Exposure to latest innovations in Solar PV Technology

Ÿ Key Decision Makers from Solar PV EPC and Manufacturers

Ÿ Policy Makers from Central and State Government Sector

Ÿ Procurement/Maintenance Managers of organizations who have plans to go Solar

Ÿ Entrepreneurs interested in starting a Company in the exciting field of Solar PV

Ÿ Research scholars who want to understand advances in commercial Solar PV Technology

Ÿ Managers from Companies who have plans to expand to Solar PV Sector

WHO SHOULD ATTEND?

PARTICIPATION FEE: Rs 2000+18%GST = Rs. 2360/- (by Cheque/DD favouring Andhra Chamber

of Commerce or through NEFT as below)

FOR ONLINE PAYMENT

NAME OF THE BANK : INDIAN BANK

BRANCH & ADDRESS : SOUTH USMAN ROAD BRANCH

: T. NAGAR, CHENNAI - 600 017

CURRENT ACCOUNT NO. : 701020952

IFSC CODE NO. : IDIB000T115

Dates : 14th and 15th Oct 2019

Time : 9.00 a.m. to 5.00 p.m. on both the dates

Venue : Indian Institute of Chemical Technology,

Uppal Rd, IICT Colony, Tarnaka,

Hyderabad - 500007

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For Registration and Details please contact:

Mr. A. Raguram, SEPA - 9003877641; [email protected]

Mr. Ramanjaneyulu, Andhra Chamber of Commerce - 040 27840844; [email protected]

Ms. Mathuram, Andhra Chamber of Commerce - 044 24315277/79; [email protected]

Organised by


“Velagapudi Ramakrishna Bldg.”

No. 23, ThirdCross Street, West CIT Nagar,


Phone: 24315277/78

Email: [email protected]

Sustainability & Energy Practitioners

Association (SEPA)

303, 3rd Floor, Vellakinar Pirivu,

Mettupalayam Road,

G.N. Mills Post,

Coimbatore-641029.

In Association with

Friedrich Naumann Foundation for Freedom

USO House, 6, Special Institutional Area

New Delhi 110067

Supported by

TARGET AUDIENCE:

Ÿ End-users from Industrial & Commercial sectors

Ÿ Policymakers, Regulators & Nodal Agencies

Ÿ Project Developers, Service Providers & Technology Suppliers

Picture Gallery Working Capital Management for MSME’s 20-8-2019

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Business Meet on Afro Asean Trade, Aug 30, 2019

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12 Issues of each 1/2 page will be 12500/- per annum plus GST

12 Issues of full page will be 20,000/- per annum plus GST

First come first serve basis the space will be allotted. Member organisations will be give first preference. We welcome your support

to have more reach out and more viewing for your Advt and Business.

Please contact Mr. n. ravikumar, Joint Secretary, Andhra Chamber of Commerce

Tel : + 91 44 24315277 +91 9840248688Email : [email protected]

ACC Bulletin - Advt tariff

Edited, Published and Print by Andhra Chamber of Commerce at “Velagapudi Ramakrishna Building”, #23, Third Cross Street, West C.I.T. Nagar, Nandanam,

P.B. No.3368, Chennai-600 035. (Phones: 044 - 2431 5277 / 2431 5278 / 2431 5279) Email ID: [email protected] / [email protected]

[email protected]

our other ChaptersSECUnDERABAD OFFICE:

“T.G. Venkatesh Bhavan”, 602 & 603, Chenoy Trade Centre, 116, Park Lane, VI Floor, P.B. No. 1716,

Secunderabad – 500 003, Telangana State. Phone: 040-27840844, Fax: 040-27840767;

Email: [email protected] | Shri g. Ramanjaneyulu, Deputy Secretary.

VISAKHAPATnAM OFFICE:

Door No. 43-19-30, Venkataraju Nagar, Dondaparthy, Near T.S.N. Colony, Visakhapatnam – 530 016,

Andhra Pradesh. Phone: 0891-2792220, Fax: 0891-2792221, Email: [email protected]

SHRI V. THRInADHA RAO, Deputy Secretary.

VIJAyAWADA OFFICE:

Siddhartha Hotel Management College Premises, Pinnameneni Poly Clinic Road, Technical Nagar,

Vijayawada – 520 010 (A.P). Phone: 0866-2472500, Email: [email protected]

SHRI n. RAJA RAO, Joint Secretary.

offiCe spACe for rent

Andhra Chamber of Commerce - 3rd Floor, 1360 Sft with Lift facility. Contact: 044 - 2431 5277 / 78 / 79

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

Security •  Consultation •  Trained Man Power •  24 x 7 Control Room •  Client Support

Facility •  House Keeping •  Pantry Services •  Guest House Mgmt •  Garden Member

Electronics •  Access Control •  Burglar Alarm •  Fire Alarm •  CCTV

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;

E-mail: [email protected]; Delhi Tel: +91–11–26432221/26432681; E-mail: [email protected] Mumbai Tel: +91-22-22028751/22023578; Email: [email protected] Ahmedabad, Ambur, Coimbatore, Jamshedpur, Kochi, Kolkata, Lucknow, Madurai, Mysore, Puducherry, Pune, Secunderabad, Sriperumbudur, Vapi, Vizag.

www.globedetective.com

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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

Security •  Consultation •  Trained Man Power •  24 x 7 Control Room •  Client Support

Facility •  House Keeping •  Pantry Services •  Guest House Mgmt •  Garden Member

Electronics •  Access Control •  Burglar Alarm •  Fire Alarm •  CCTV

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;

E-mail: [email protected]; Delhi Tel: +91–11–26432221/26432681; E-mail: [email protected] Mumbai Tel: +91-22-22028751/22023578; Email: [email protected] Ahmedabad, Ambur, Coimbatore, Jamshedpur, Kochi, Kolkata, Lucknow, Madurai, Mysore, Puducherry, Pune, Secunderabad, Sriperumbudur, Vapi, Vizag.

www.globedetective.com

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Documents

ANDHRA CHAMBER OF COMMERCE