FAPCCI organized open forum on Income Tax issues

FAPCCI is organized an Open Forum with Mr. Bibhab Dutta, IRS., Chief Commissioner of Income Tax A.P. I, Mr. Suresh Jandhyala, IRS., Chief Commissioner of Income Tax A.P. III and Mr. P. Raghu, IRS., Director General of Income Tax (Investigation) on issues relating to Income Tax on 10th May, 2013 at 4.00 pm at K.L.N. Prasad Auditorium, Federation House.

Mr. Shiv Kumar Rungta, Vice President, FAPCCI, Mr. Abhay Kumar Jain, Chairman, Direct Taxes Committee, FAPCCI, Mr. Ram Dev Bhutada, Co- Chairman, Direct Taxes Committee, FAPCCI, Mr. K. Hanmandloo, Co- Chairman, Direct Taxes Committee, FAPCCI and Mr. Ritesh Mittal, Convener, Abids CPE Study Circle spoke at the occasion. Many income tax experts, officers and assessees have participated at open forum.

FAPCCI Honored Mr. M.V. Rajeshwara Rao

The Federation of Andhra Pradesh Chambers of commerce and Industry (FAPCCI) honored Sri M.V. Rajeshwara Rao, Secretary General, FAPCCI at a Farewell meeting organized on May 02, 2013.

Mr. Devendra Surana, President, FAPCCI in his address lauded the services of Sri M.V. Rajeshwara Rao as Secretary General.  He said that the   problems of the industry and trade were taken care with utmost commitment, especially issues relating to power sector.  President said   that Sri Rajeshwara Rao has put tremendous efforts in highlighting the FAPCCI’s opinion   at all the forums and strived to improve the goodwill of FAPCCI.

Mr. Srinivas Ayyadevara, Senior Vice President, FAPCCI,  Mr. Shiv Kumar Rungta, Vice President, FAPCCI  praised Mr.Rajeshwara Rao for his sincerity and dynamic participation to resolve all issues pertaining to the  trade and industry and wished him  for his future endeavors.

Past presidents Mr. O.P. Tibrewala, Mr. Suraj Prasad Agarwal, Mr. Narne Prabhakar, Mr. K. Harishcandra Prasad, Mr. V.S. Raju, Managing Committee Members Mr. Sreerama Murthy, Mr. Karunendra S. Jasti, Mr. Meela Jayadev, Mr. V.V. Sanyasi Rao, Mr. Manoj Kumar Agarwal, Mr. Anil Agarwal, Mr. Kumar appreciated Mr. M.V. Rajeshwara Rao for his services and improving the FAPCCI relations with the Government Departments and addressing the problems of Members.

In his address Sri Rajeshwa Rao thanked the president, Senior Vice President and Vice President for the good words spoken about him. He thanked each and every member of FAPCCI for their support and patience that has enabled him to work with commitment   made it possible to carry out the responsibilities and discharging the duties. He said that it was a privilege serving the FAPCCI and working with the senior business people of the State of Andhra Pradesh. He said he would cherish the memories of FAPCCI and wished the FAPCCI to reach greater heights.

He was honored by the president, past Presidents and managing Committee members and staff of FAPCCI.

Skill Development Program for Achieving Excellence in Exports

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with CHEMEXCIL India jointly organized a Skill Development Program for Achieving Excellence in Exports on April 30, 2013 at Federation House, Hyderabad. 

Smt A. Shanti Kumari, IAS, Mission Director, Rajiv Yuva Kiranalu, Govt. of Andhra Pradesh was the Chief Guest of at the occasion.

Mr. Shiv Kumar Rungta, Vice President, FAPCCI, Mr. K.M. Hari Lal, ITS, Assistant Director General, Foreign Trade, Hyderabad, Smt. Padma Yerra, Regional Director, Chemicals Export Promotion Council, Chennai, Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI, Ms. Padma Yerra, Regional Director, Chemicals Export Promotion Council, Chennai, Mr. P. Sampath Kumar, Trainer & Consultant, International Trade & Banking, Hyderabad, Mr. J. Sudhakar, Senior Manager, ECGC of India Ltd., Hyderabad and Mr. P.R.K. Murthy, Deputy General Manager, Andhra Bank, Hyderabad has addressed the gathering.

The objective of the program is to impart skill development and encourage the manufacturers to export their products.  It will educate the entrepreneurs on how to export, whom to export to, ways of promotion for their products, different financial assistance given to them by Ministry of Commerce, Government of India, for  promoting  the exports through  MDA/MAI schemes. 

Power Crisis-Ways Ahead

FAPCCI in association with Urja Gyan Foundation has conducted a workshop on Power Crisis-Ways Ahead on 27th April 2013. The Chief Guest of the programme is Dr. Suresh Prabhu, Former Union Minister of Power, and Sri P. Ramesh, IAS., Joint Managing Director, AP Transco, Sri T.L.Shankar, Hon’ Visiting Professor, Energy Policy, ASCI are special guests of the programme.

Sri P. Ramesh, IAS., has explained that power shortage in the state will be solved by December 2013 with the connectivity of eastern grid and another 2500 MW will be added by2014 by which he expressed the hope that the power problem will be solved.

Sri Srinivas Ayyadevara, Sr. Vice President, FAPCCI  expressed concern over the present power situation  in Andhra Pradesh state. He said that industry should be supplied with un interrupted quality power and measures should be taken to this extent.

Sri D. Radhakrishna, Chairman, Urja Gyan Foundation spoke on the regulatory procedures and felt that the consumers should be given open access without any restrictions and should have a choice to choose their sellers.

Sri T.L.Shankar said that the electricity act must passed in 2003 to bring competitiveness into the sector there by reducing the losses suffered by electricity boards and improve efficiency in the sector. The regulatory commissions were formulated to determine the tariff break  based on cost of production and to remove Govt interference in the determination of same but he said   that unfortunately the regulatory commissions are not functioning has an independent regulators.

Dr. Suresh Prabhu said that lack of co-ordination and inefficient performance on the root cause of the present power crisis in the country. He opined that instead of importing huge amounts of coal from Indonesia and Australia if the Government take measures to utilize  the installed capacity of power by supplying indigenous coal and gas and connecting the northern, eastern and southern grids the power problem can be solved. Harnessing of renewable energy  namely wind and solar and biomass energy is the permanent solution for shortage of power. De- centralization of distribution and transmission of power  can go along way in reducing the distribution and transmission losses which is proved to be very expensive for a country like India.

Sri Rajeshwara Rao Secretary General, FAPCCI, Sri M.S. P Rama Rao, Co-Chairman, Industrial Development  Committee, FAPCCI , Sri GopalaKrishna, IAS (Retd) are the other dignitaries who participated in the workshop.

Mr. Rajesh Mehndirata, Director,  Indian Energy Exchange,  Mr Srinivas Rao, DGM, Reliance Power and Mr S.C. Shukla, Vice President, PTC India Ltd have given presentations on activities of power exchange and the method of purchase of power.

Anywhere property registration to be reality by July

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) organized a interactive meeting on “New Valuation Guidelines, Policies, Stamp Duties & Registration Charges” on April 17, 2013 at Federation House, Hyderabad.  Mr. Vinod Kumar G. Agrawal, IAS Principal Secretary to Government, Revenue (Registration & Stamps) Department, Government of A.P. was the Chief Guest of at the occasion.

Mr. Devendra Surana, President, FAPCCI, Mr. Srinivas Ayyadevara, Senior Vice President, Mr. Gowra Srinivas, Chairman, Urban Infrastructure committee, Mr. Manoj Kumar Agarwal, Vice Chairman, Urban Infrastructure committee and Mr. M.V. Rajeshwara Rao, Secretary General from FAPCCI also spoke at the occasion.

Revenue Secretary (Registration & Stamps) Vinod Kumar Agarwal said that the “All that users need to do is download the check slip and go to the SRO office at the appointed time for carrying out transactions,”. He was clarifying the doubts raised by real estate developers and industry representatives at an interactive session organised by the Federation of AP Chamber of Commerce and Industry on Wednesday.

He said the anywhere registration facility was all set to come into effect from July after linking of all the 432 SROs with the State Data Centre, planned with one TB capacity, was completed. Over 250 SROs had already been linked and 12 per cent transaction outside the jurisdiction of the sub-registrar concerned had been reported.

The State, which pioneered computer-aided registration of documents over 15 years ago, however, did not focus on improving the system till recently. The department had therefore taken up various initiatives to make registration user friendly and accordingly efforts were under way to provide unique identification to all properties, those in urban areas in particular, whose documents were incomplete.

Efforts were under way to improve amenities at the SROs and the department had placed order for “type design” for structures that were equipped with all facilities and could accommodate over 50 customers at any given point of time.

The government had sanctioned Rs. 15 crore towards this end and the department was hopeful of completing at least 50 new SROs this financial year.

This apart, steps had been initiated to address the concerns of real estate developers on the issue of development agreements and “you will find a solution to the issue very soon.

“Determination of market value has also been rationalised as people tend to suppress the actual value of the property,” he added.

Bhagavad Gita relevance to the Corporate Governance

A Seminar on Companies Bill, 2012 – Management & Bhagavad Gita was jointly organized by The Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) in association with Hyderabad Chapter of Cost Accountants, Hyderabad Chapter of Company Secretaries, Hyderabad Chapter of Chartered Accountants and Hyderabad Management Association at KLN Prasad Auditorium, FAPCCI Bhavan, Hyd.

Speaking on the occasion, the Chief Guest of the program, Sri. Narendra Kumar Bhola, Regioinal Director, South Eastern Region, Ministry of Company Affairs, said the new bill will reduce the complexities in the current Companies Act, 1956.

The main speaker of the day, Dr. P.V.S. Jagan Mohan Rao, Central Council Member of the Institute of Cost Accountants of India, detailed the Companies Bill, 2012 and Bhagavad Gita’s relevance to the Corporate Governance while linking to various portions of Bhagavad Gita to the corporate affairs as follows:
The management is a process of aligning people and getting them committed to work for a common goal to the maximum social benefit - in search of excellence. The critical question in all managers' minds is how to be effective in their job. The answer to this fundamental question is found in the Bhagavad Gita, which repeatedly proclaims that “you must try to manage yourself”.

The Bhagavad Gita, written thousands of years ago, enlightens us on all managerial techniques leading us towards a harmonious and blissful state of affairs in place of the conflict, tensions, poor productivity and absence of motivation and so on, common in most of Indian enterprises today – and probably in enterprises in many other countries.

Sri. Devendra Surana, President, FAPCCI, Sri V.S. Raju, Past President, FAPCCI, Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI, Sri K.K. Rao, Chairman, Hyderabad Chapter of Cost Accountants, CA Laxmi Nivas Sharma, Former President, FAPCCI and Central Council Member, ICAI, CS Ramakrishna Gupta, Chairman of Hyderabad Chapter of Company Secretaries has also participated.

82 got jobs & 526 shortlisted at “FAPCCI – BIET Job Fair 2013”

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with Bharat Institute of Engineering and Technology (BIET) jointly organized a “FAPCCI – BIET Job Fair 2013” on April 10, 2013 and April 12, 2013 at BIET Campus, Ibrahimpatnam, Rangareddy District.

Dr. Ashok Kumar Kedia Chairman IT Committee CEO Kedia InfoTech was inaugurated the job fair as Chief Guest and Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI, Mr. Ch. Venu Gopal Reddy, Chairman, BIET, Prof. Kumara Swamy, Director, BIET and many other organizations HR officials have participated at the job fair.

Reputed companies like Servo lubricants, BizzBook Tablet computers, Apollo Hospitals, Hasman Soft Solutions, Shiv Gnany Info Technologies, Kedia InfoTech Limited, Ambitions Academy / Positive Shift International, Asahi Switchgear Products Ltd, Asa Bhanu Technical Services Limited, Trans-Mech Systems, Shubha Gruha Projects (I) Ltd, Eurekha Forbes Limited, TMIe2E Academy, Big C Mobiles, Global Innove Source, Anusha Agri Products (I) Ltd, Anusha Agri Gold Limited, Suvarnabhoomi Developers, Sri Logillu Developers Pvt Ltd, India Info line Limited, Ton Smiles Limited, MedPlus Health Services Limited, RedOx Solutions, My Health Pharmacy and Med Skills Learning Limited have successfully conducted an interviews at the job fair.

Reputed companies belonging to IT, ITeS, Constructions, Banking, Retail, Automobiles, Pharmaceutical companies and others have conducted the recruitment for over 5000 students belonging to over 60 colleges from all over twin cities and surrounding district in this Mega event. In this Mega job fair 82 job seekers got selected and received an on the spot Offer Letters and 526 students were shortlisted by various companies making this event a grand success.