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Page 1: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global
Page 2: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global
Page 3: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global
Page 4: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global

38 Conducive Startup Ecosystem: Scaling Up & Talent Management

39 Half-Yearly Ordinary General Meeting of IMC

40 IMC RBNQA Recognitions 2019

41 Union Budget 2020-21

42 Springboard '20

43 Interactive meeting on Exploring Bilateral Business Opportunities between India and Indonesia

43 Union Budget Analysis at Jai Hind College

43 Meeting with Minister for Labour and State Excise, Government of Maharashtra

44 Book Launch – Honour Bound: Adventures of an Indian Lawyer in the English Courts

45 Post Budget Analysis of Tax Related Proposals in Pune

45 Insight — Global Youth Economic Summit

46 International Responsible Investors Network

46 Union Budget Analysis at HR College

46 Impact of Union Budget 2020-2021 on the Trade & Industry

47 IMC Awards to Mumbai Police Personnel for Out-standing Public Service - 2018

48 7 Days Course in Arbitration

49 Securing India’s Maritime Interests and Harnessing the Blue Economy

50 IMC Digital Marketing Seminar

51 Seminar for Family Businesses Owners and their Children

51 Advisory on Corona Virus Seminar

52 Ease of Doing Business — An Initiative taken by MCA

Networking Series

53 Women Power Group Launch

53 Cyclothon 2020

Ladies’ Wing

54 Jankidevi Bajaj Puraskar 2019

54 Screening of the Film “Unlimited Girls”

54 Animal Care and Welfare

55 Meditation with Sound Healing

55 Women Leaders-Creating Opportunities

55 Will the Budget 2020 be by a Woman for Women

55 Majestic Flamingos Viewing

56 Visit to Jamnagar

56 Never Too Old To Workout

56 Travel Fest 2020

ContentsJanuaryFebruary 2020

S

ME

23

President

Mr. Ashish Vaid

Vice-President

Mr. Rajiv Poddar

Editor & Publisher

Mr. Ajit Mangrulkar

Director-General

Executive Editor

Mr. Sanjay Mehta

Dy. Director-General

Copy Editing & Concept

Ms. Chitra Kamath

Jt. Director-Membership

Ms. Jayshree Poojary

Asst.Director-PR

Views expressed in the IMC Journal

are not necessarily those of the

Committees of the Chamber.

Non-receipt claims will not be

entertained after four months of the

publication of the journal;

six months in the case of

overseas subscribers.

Please send correspondence

concerning this journal to:

Editor, IMC Journal

IMC Chamber of

Commerce and Industry

IMC Marg, Churchgate,

Mumbai- 400 020

Tel: +91-022-71226633

Fax: 2204 8508

E-mail: [email protected]

Website: www.imcnet.org

Single Copy Price

` 50/-

Annual Subscription

(For 6 Issues)

` 200/- (India) | $ 30 (Abroad)

Design & Printing

Finesse Graphics & Prints Pvt. Ltd.

Tel: +91-022-4036 4600

E-mail : [email protected]

09

23

Insight

05 Union Budget 2020-21: Welcome Focus on Farm and Rural Sectors

Cover Story

06 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit

09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes

Global Connect

15 Living Bridge: Ayurveda: the power of health and beauty

15 Are you running on treadmill of life?

1515

16 Meeting with Consul General of Indonesia

16 Meeting with Hon. Greek Minister of Tourism

17 Meeting with the Mayor of City of Karlsruhe, Germany

17 Meeting with Ambassa-dor of the Republic of Costa in India

17 IMC Meets Deputy Indian Ambassador to France

18 Meeting with New Consul General of Vietnam

18 IMC welcomes High-level Delegation from Germany

18 Meeting with Minister for Jobs, Investment, Tourism and Western Sydney, Govt. of NSW, Australia

19 Meeting with Hon’ble Minister of Commerce, Government of the People’s Republic of Bangladesh

Connect

20 Budget Perspective : Making The Elephant Dance In The Next One Year

22 Union Budgets Will Come And Go

23 Technology Propels Operational Efficiency for SMEs

Innovate | Motivate | ConsolidateIMC Journal January-February 2020<02

Innovate | Motivate | ConsolidateIMC Journal January-February 2020< 03

09

Scan this QR Code to download the journal in your smartphone. If you do not have the reader kindly download the one compatible with your device.

Advocacy

Representation sent to

24. Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance re: reported Likely Proposal to FASTEN Personal Liability on Trustees of Charitable Trusts.

25. Smt Prajakta Lavangare Varma, Hon’ble Commis-sioner, State Excise Commissionerate re: Comments of IMC on Maharashtra Prohibition Act 1949

25 Shri Dilip Walse Patil, Hon’ble Minister of State Excise re: changes in the Home Department Order dated 19th September 2019 under Maharashtra Prohibition Act, 1949

26 Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance re: Boost to unfinished infrastructure projects for investments, trade services, industrial production and logistics.

27. Shri Piyush Goyal, Hon’ble Union Minister for Commerce & Industry & Union Minister for Railways requesting to accord recognition to IMC as a National Chamber.

28. Shri Dilip Walse Patil, Hon’ble Minister of State Excise Government of Maharashtra re: Maharashtra Liquor Law Order dated 19th September, 2019 under the Maharashtra Prohibition Act 1949.

28 Smt. Nirmala Sitharaman, Hon’ble Union Minister for Finance submitting Post Budget Memorandum on Direct Taxes.

29 Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance Ministry of Finance re: Direct Tax Vivad Se Vishwas Bill, 2020.

30 The Secretary General, Rajya Sabha re: Comments on Welfare Bill 2020

Networking

Knowledge Series

31 Two days Technical Skill Development Program on Business Data Analytics

31 Fireside Chat - Ease of doing business

31 Global Immersion Program

32 Meeting on Fire Safety in Mumbai

33 ETRise Dialogues: Industry shows way forward

34 IMC International ADR centre(IIAC) - Interactionwith Parliamentary Standing Committee on thesubject “Functioning of ADR Mechanisms”

36 Training programme on New GST Return

36 Book Launch: “What shall we do with all this money?: Inspiring perspectives on wealth

37 Commodity Market Fundamentals Forum

37 Seminar on Commodities as India’s Basic Building Blocks

Knowledge

Page 5: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global

38 Conducive Startup Ecosystem: Scaling Up & Talent Management

39 Half-Yearly Ordinary General Meeting of IMC

40 IMC RBNQA Recognitions 2019

41 Union Budget 2020-21

42 Springboard '20

43 Interactive meeting on Exploring Bilateral Business Opportunities between India and Indonesia

43 Union Budget Analysis at Jai Hind College

43 Meeting with Minister for Labour and State Excise, Government of Maharashtra

44 Book Launch – Honour Bound: Adventures of an Indian Lawyer in the English Courts

45 Post Budget Analysis of Tax Related Proposals in Pune

45 Insight — Global Youth Economic Summit

46 International Responsible Investors Network

46 Union Budget Analysis at HR College

46 Impact of Union Budget 2020-2021 on the Trade & Industry

47 IMC Awards to Mumbai Police Personnel for Out-standing Public Service - 2018

48 7 Days Course in Arbitration

49 Securing India’s Maritime Interests and Harnessing the Blue Economy

50 IMC Digital Marketing Seminar

51 Seminar for Family Businesses Owners and their Children

51 Advisory on Corona Virus Seminar

52 Ease of Doing Business — An Initiative taken by MCA

Networking Series

53 Women Power Group Launch

53 Cyclothon 2020

Ladies’ Wing

54 Jankidevi Bajaj Puraskar 2019

54 Screening of the Film “Unlimited Girls”

54 Animal Care and Welfare

55 Meditation with Sound Healing

55 Women Leaders-Creating Opportunities

55 Will the Budget 2020 be by a Woman for Women

55 Majestic Flamingos Viewing

56 Visit to Jamnagar

56 Never Too Old To Workout

56 Travel Fest 2020

ContentsJanuaryFebruary 2020

S

ME

23

President

Mr. Ashish Vaid

Vice-President

Mr. Rajiv Poddar

Editor & Publisher

Mr. Ajit Mangrulkar

Director-General

Executive Editor

Mr. Sanjay Mehta

Dy. Director-General

Copy Editing & Concept

Ms. Chitra Kamath

Jt. Director-Membership

Ms. Jayshree Poojary

Asst.Director-PR

Views expressed in the IMC Journal

are not necessarily those of the

Committees of the Chamber.

Non-receipt claims will not be

entertained after four months of the

publication of the journal;

six months in the case of

overseas subscribers.

Please send correspondence

concerning this journal to:

Editor, IMC Journal

IMC Chamber of

Commerce and Industry

IMC Marg, Churchgate,

Mumbai- 400 020

Tel: +91-022-71226633

Fax: 2204 8508

E-mail: [email protected]

Website: www.imcnet.org

Single Copy Price

` 50/-

Annual Subscription

(For 6 Issues)

` 200/- (India) | $ 30 (Abroad)

Design & Printing

Finesse Graphics & Prints Pvt. Ltd.

Tel: +91-022-4036 4600

E-mail : [email protected]

09

23

Insight

05 Union Budget 2020-21: Welcome Focus on Farm and Rural Sectors

Cover Story

06 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit

09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes

Global Connect

15 Living Bridge: Ayurveda: the power of health and beauty

15 Are you running on treadmill of life?

1515

16 Meeting with Consul General of Indonesia

16 Meeting with Hon. Greek Minister of Tourism

17 Meeting with the Mayor of City of Karlsruhe, Germany

17 Meeting with Ambassa-dor of the Republic of Costa in India

17 IMC Meets Deputy Indian Ambassador to France

18 Meeting with New Consul General of Vietnam

18 IMC welcomes High-level Delegation from Germany

18 Meeting with Minister for Jobs, Investment, Tourism and Western Sydney, Govt. of NSW, Australia

19 Meeting with Hon’ble Minister of Commerce, Government of the People’s Republic of Bangladesh

Connect

20 Budget Perspective : Making The Elephant Dance In The Next One Year

22 Union Budgets Will Come And Go

23 Technology Propels Operational Efficiency for SMEs

Innovate | Motivate | ConsolidateIMC Journal January-February 2020<02

Innovate | Motivate | ConsolidateIMC Journal January-February 2020< 03

09

Scan this QR Code to download the journal in your smartphone. If you do not have the reader kindly download the one compatible with your device.

Advocacy

Representation sent to

24. Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance re: reported Likely Proposal to FASTEN Personal Liability on Trustees of Charitable Trusts.

25. Smt Prajakta Lavangare Varma, Hon’ble Commis-sioner, State Excise Commissionerate re: Comments of IMC on Maharashtra Prohibition Act 1949

25 Shri Dilip Walse Patil, Hon’ble Minister of State Excise re: changes in the Home Department Order dated 19th September 2019 under Maharashtra Prohibition Act, 1949

26 Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance re: Boost to unfinished infrastructure projects for investments, trade services, industrial production and logistics.

27. Shri Piyush Goyal, Hon’ble Union Minister for Commerce & Industry & Union Minister for Railways requesting to accord recognition to IMC as a National Chamber.

28. Shri Dilip Walse Patil, Hon’ble Minister of State Excise Government of Maharashtra re: Maharashtra Liquor Law Order dated 19th September, 2019 under the Maharashtra Prohibition Act 1949.

28 Smt. Nirmala Sitharaman, Hon’ble Union Minister for Finance submitting Post Budget Memorandum on Direct Taxes.

29 Smt Nirmala Sitharaman, Hon’ble Union Minister for Finance Ministry of Finance re: Direct Tax Vivad Se Vishwas Bill, 2020.

30 The Secretary General, Rajya Sabha re: Comments on Welfare Bill 2020

Networking

Knowledge Series

31 Two days Technical Skill Development Program on Business Data Analytics

31 Fireside Chat - Ease of doing business

31 Global Immersion Program

32 Meeting on Fire Safety in Mumbai

33 ETRise Dialogues: Industry shows way forward

34 IMC International ADR centre(IIAC) - Interactionwith Parliamentary Standing Committee on thesubject “Functioning of ADR Mechanisms”

36 Training programme on New GST Return

36 Book Launch: “What shall we do with all this money?: Inspiring perspectives on wealth

37 Commodity Market Fundamentals Forum

37 Seminar on Commodities as India’s Basic Building Blocks

Knowledge

Page 6: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global
Page 7: %8'*(706 India’s FY 2020/21 Union Budget: Many Plans Few Solutions, And A Wider Deficit 09 Budget 2020 : Measures for continuous momen-tum to the buoyancy in direct taxes Global
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