Friday, April 27, 2012
Saturday, April 14, 2012
Mr. V.S. Raju, President, FAPCCI, Mr. Devendra Surana, Senior Vice President, FAPCCI, Mr. Shripal Shah, Director, Aryaman Merchant Bankers, Mumbai, Mr. Uttam Bagri, Promoter, BCB Finance, Mumbai (1st IPO BSE SME Exchange), Mr. V.V.S .Prasad, Aastha Group, Promoters, Mumbai, Mr. Manoj Gautam, 3NS Venture Capital Ltd, 3NS Group, Hyderabad, Mr. RamaKanth Inani, Inani Securities, Hyderabad, Mr. Varghese.P.A., Zonal Head, Corporate Registry, Karvy Computer Share Ltd, Mr. Rajendra Kanoongo, Head - Merchant Banking, Ashika Capital, Mumbai, Mr. Kutumba Rao, Analyst & Economist and , Mr. M.V. Rajeshwara Rao, Secretary General are the speakers at the occasion.Mr. Lakshman Gugulothu said in his key note address is that the BSE SME Platform provides a great opportunity to the entrepreneurs to raise the equity capital for the growth and expansion of SMEs. It also provides the immense opportunity to the investors to identify and invest in the good SME companies at early stage. It will help unleash the valuation of the company and in the process create wealth for all the stakeholders including investors, besides considerable long term capital gains tax benefits and facility to exit at any point of time.
The Singapore International Arbitration Centre in association with The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) organized a interactive meeting on “International Arbitration” on 13th April 2012 at Surana Udyog Auditorium, Red Hills, Hyderabad. Vivekananda N., Deputy Head (South Asia), Singapore International Arbitration Centre (SIAC) was the chief guest for this workshop.
Mr. V.S. Raju, President, FAPCCI, Mr. Nitin K Parekh, Chairman, Trade and Commerce Committee and , Mr. M.V. Rajeshwara Rao, Secretary General are the speakers at the occasion.
Tuesday, April 3, 2012
The industry is already paying several taxes and levies to the government and burdening the industry further with higher price hikes in power is not warranted. In addition, this tariff increase is coming up against the background of increase of 2% in Service Tax and Excise Duty, property tax, VAT increases, which will increase the prices of the goods and services. The industry has been suffering 40 to 60% power cuts when the power shortage is 10 to 15%. The disproportionately high power tariff being levied on industry is not a step in the right direction and will only escalate the price-line and the inflation and cause slowdown in the economy.
FAPCCI, therefore, contend that the hefty increase in power tariff to industry and trade is not only counterproductive but also harsh on the industry and economic growth. The APERC should have taken all these points into consideration before it approved the tariff proposals of DISCOMS and should have fixed tariff based on the principles of natural justice, economic considerations and in the spirit of a regulatory commission.V S Raju