Nagpur Today : Nagpur News

Nagpur News.

Under the guidance of Municipal Commissioner Shyam Wardhane and Additional Dy. Municipal Commissioner Pramod Bhusari , LBT department lead by Assistant Commissioner Mahesh Dhamecha, LBT officers Yaday Jambhulakar, Rajesh Meshram and LBT Inspectors Ulhas Motghare, Datta Wankhede, Dnyaneshwar Dhote, Nitin Sakore, Ramesh Padghan, Jitendra Tomar, Vijay Chetnani and drivers Shinde, Tandulkar , Pande and Raju Sonekar made LBT search at 3 places in Itwari and Jagnath Budhwari area.

At Jagnath Budhwari, near Bharat Mata Chowk, search was made at Neha Packaging. It was seen that no Purchase Register was available, no current sale book was available at the shop though at  the same day the dealer have received 28 packages of goods weighing 840 Kg of packaging material , from outside Nagpur. Further it was seen that the dealer is having undisclosed godown near Bharat Mata Chowk in the house of Shri Vijay Sharma, where 142 packages of packaging material was found. No LBT payments were made so far. The detailed investigation will be done and LBT liability will be fixed.

Searches were made at Old Bhandara road , Itwari , Khapri Pura area at the dealers places of Chandan Toys and Mayur Novelties. The dealer Chandan toys have not maintained any sale bills, Purchase register was not uptodate, part LBT payments were made, which were too less as compared the stocks available. There were China toys goods at the shop. However authentic purchase bills were not available. The dealers have also not registered the godown. It is likely that the valuation of goods shown is too less as compared to its actual prices.

The dealer Mayur Novelties has also not maintained any record of purchase and sales bills.

During the visits at the dealers it is seen that Purchase register is not being maintained and all purchase bills are not recorded in purchase register. As per LBT rules every dealer is liable to maintain purchase register as per Rule 19 for all purchases and pay LBT. Further it is mandatory to issue bills as per Rule 22 to the customers, with LBT number printed on the sale bills. All the dealers/customers are appealed to ensure the LBT number printed bills from the sellers to avoid their LBT payment liability as per Rule 20.

LBT search at 3 places in Itwari area

Nagpur Today : Nagpur News

Nagpur News: Founders Day of Coal India Retired Officers Welfare Association (CIROWA) observed in Western Coalfields Limited, Nagpur. D. C. Garg, Chairman-cum-Managing Director of Western Coalfields Limited graced the occasion as the Chief Guest.

While addressing to the retired officers of Coal India, first of all, Garg congratulated them for this initiative and said that this kind of programmes provides good opportunity for re-association after retirement. Through this platform, the retired officers may come up with their problems also. Garg also assured the retired officers of Coal India that he would try his level best to convey their problems to the top management. He again appreciated this effort and said sometimes we need expert advice from our retired officers and through this platform, we can always be touch with them.

C. R. Das Retired CMD, MCL, C. K. V. N. Rao, Retired Director (Technical), BCCL, Dhanbad. . Om Prakash, Director (Technical) Rupak Dayal, Director (Personnel), WCL , officers of CIROWA and large number of retired officers were prominently present on the occasion.

Founder’s day of CIROWA observed in western coalfields ltd

Nagpur Today : Nagpur News

Adding up to its zooming portfolio Bajaj Auto has come up with all new upgraded avatar of its flagship model Pulsar. The company has presented new Pulsar 200  NS with dual tone colors. The two color versions of the model include the ‘Red and Black’ combo and ‘White and Black’ combo. The 200NS was earlier launched with four colour choices — Cherry Black, Saffire Blue, Tosca Red and Mustard Yellow. The new colour additions take the total number of body colors to six.

The 200NS boasts of a 200cc 4-stroke 4-valve engine with three spark plugs. It makes 23.5PS of power and 18.3Nm of torque. A 6-speed gearbox handles the transmission duties.

The company has informed that the 200NS with the new body colors will begin arriving at dealerships very soon.

Bajaj has attractively priced the 200NS at an on-road price of less than a lakh rupees. With the new color variants prices are expected to remain almost same both for black/white and red/black graphics edition. There is also the lime green option that Bajaj has for the 200NS in the Indonesian market; however that is just not available in India.

As per the information, Bajaj is going to offer the Pulsar 200 NS with the new colour schemes for price around Rs. 1000 costlier comparatively. Bajaj is currently selling the Pulsar 200 NS for price around Rs. 88000 in India.

The young brigade of Nagpur eagerly waits to have a colorful ride.

Pulsar 200 NS now with dual tone colors; Bajaj adds two more color variants to flagship model

Nagpur Today : Nagpur News

Nagpur News.

Under the guidance of Municipal Commissioner Shyam Wardhane and Additional Dy. Municipal Commissioner Pramod Bhusari , LBT team lead by LBT Assistant Commissioner Mahesh Dhamecha, LBT officers Yaday Jambhulakar, Rajesh Meshram and LBT Inspectors Sunil Gajhbiye, Ramesh Padghan, Jitendra Tomar, Dahikar, Binekar and drivers Prakash Bolakhe and Mankar made LBT search at 2 places in Itwari and Jagnath Budhwari , Resham Oli, Pathrabe Mohalla area.

At Jagnath Budhwari, near Bharat Mata Chowk, a search was made at Mukesh General stores and Chemicals registered in the name of Sumanbai Laxman Pathrabe. On inquiry at the shop, it was told by the dealer that they don’t have any Godown. However as per information the dealer was having 2 gardens, one in Pathrabe Mohalla and one in Saoji Galli, Jagnathnath Budhwari, which were not disclosed. It was seen that no Purchase Register was available, no current sale book was available at the shop. It was seen that the same day the dealer have received 28 packages of goods transported through Birsi garage brought from Gondia, i.e. , from outside Nagpur. No LBT payments were made so far. The goods at both the Godowns were seized. The detailed investigation will be done and LBT liability will be fixed..

Searches were  made at the Godown of Shri Mukesh Traders of Shri Mukesh Khairatilal Madan, where Electrical goods were stored in the house of Ramtekkar in Saoji Galli, Jagnath Budhwari.  An inquiry on the spot it was told by Mukesh Madan that they have not made registration in LBT and they don’t have any shop. No purchase bills, purchase register or sale bills could be shown by the dealer. The goods in Godown were seized at the spot itself and liability of LBT including penalty as per Rule 48 will be fixed after detailed investigation.

During the visits at the dealers,  the dealers are not displaying their registration certificate, It was also seen that Purchase register is not being maintained and all purchase bills are not recorded in purchase register. As per LBT rules every dealer is liable to maintain purchase register as per Rule 19 for all purchases and pay LBT. Further it is mandatory to issue bills as per Rule 22 to the customers, with LBt number printed on the sale bills. All the dealers/customers are appealed to ensure the LBT number printed bills from the sellers . In absence such formalities penalty as per Rule 48 would be attracted. Hence all dealers are  appealed  to maintain Purchase register and keep purchase bills at their place of business to avoid their LBT payment liability as per Rule 48.

LBT Search at Mukesh Traders and Mukesh Gen and Chemicals in Jagnath Budhwari, Itwari

Nagpur Today : Nagpur News

Nagpur News: The Maharashtra Government has increased the price of cow milk by Rs 2 to be effective from November 25. Now the Government Milk Scheme’s cow milk will be priced at Rs 32 per litre and Rs 16 for half litre. However, the milk will be distributed in the polythene packets bearing print of old price till the new polythene packets are made available but with new price.

The General Manager of Government Milk Scheme has appealed the ex-dairy purchasers, Aarey Sarita Milk customers and wholesalers to take note of the hiked price of cow milk.

File Photo

State Govt hikes cow milk price by Rs 2

Nagpur Today : Nagpur News

Nagpur News: As a matter of social responsibility & public awareness, Nagpur Branch had taken an initiative to enroll their members, their relatives, friends and staff for Adhaar Card. The Camp was inaugurated by Regional Council Member CA. Julfesh Shah.

While speaking as a Chief Guest CA. Julfesh Shah lauded the efforts of Nagpur Branch for organizing such type of activities for the benefit of the members and society in large.

He said that he is happy to find that large number of members and their family members are taking the advantage of the camp. He also updated the members about recent developments at WIRC and said that such types of social programmes are of immense benefit and people should take maximum benefit of the programme.

Earlier the Chairman of the branch CA. Swapnil Agrawal in his welcome address said that. Society’s expectation is very high with Chartered Accountants as they are competent to provide their services in varied fields. He further said that this camp is organized to provide our members and their relatives to take the advantage of making their UID card and get the benefits related thereto.

The camp will be open till November 23 only.

He further informed the house about various upcoming events & projects taken up by the Nagpur Branch. Prominently present on the occasion were CA. Suren Duragkar, CA. Umang Agrawal, CA. Kirit Kalyani, CA. Sandeep Jotwani, CA. Mahesh Agrawal etc

Adhaar Card Camp held at ICAI city branch

Nagpur Today : Nagpur News

Nagpur News: The Local Body Tax (LBT) Department of Nagpur Municipal Corporation (NMC) carried out a surprise raid on Sunny Electronics, a big showroom dealing in cell phones and accessories of all major companies, in Modi No. 3 of Sitabuldi Area in Nagpur today (November 22).

During the raid, the officials of LBT Department allegedly found massive evasion of LBT and huge stocks of mobile phones and accessories in three godowns brought by non-payment of LBT, sources said. The officials scanned every possible document to detect the figure of the LBT evasion as the Sunny Electronics is known to be one of the biggest dealers of mobile phones of all major companies and accessories with alleged turnover of approximate Rs 1 lakh per day, sources said. Sources further said that the dealer allegedly refused to divulge the dealings sought by the LBT authorities. The officials were scanning the stock registers, bills, receipts and other documents made available to them.

The raid was conducted by a team led by LBT Assistant Commissioner Mahesh Dhamecha, LBT officers Yaday Jambhulakar, Rajesh Meshram and LBT Inspectors Sunil Gajhbiye, Ramesh Padghan, Jitendra Tomar, Dahikar, Binekar and other employees under the guidance of Municipal Commissioner Shyam Wardhane and Additional Deputy Municipal Commissioner Pramod Bhusari .

Massive evasion of LBT by Sunny Electronics, Sitabuldi in city detected

Nagpur Today : Nagpur News

Nagpur News.

Bimla Negi Deoskar, who led the All women team to Mt Bhagirathi II, in Garhwal delivered a talk on “Climbing your own Everest” at VIA hall. The programme was organized by VIA - HRD Forum. A first person account of the challenges that one encounters during a real life journey was narrated by Bimla Negi Deoskar, based on her team’s miraculous escape from the Himalaya during June, 2013.

The presentation started with the introduction by Girish Deodhar, Chairman HRD Forum, who narrated the importance of having one’s own everest. Deodhar stressed on the need to have self confidence to achieve the desired Goals in personal life.

Bimla Negi, who led the All Women Expedition of Indian Mountaineering Foundation to Mount Bhagirathi II peak at the height of 21060 ft High Mountain in Garhwal Himalaya during June 2013 was hit by the devastating cloudburst at the height of 19000 ft above msl. The team was stationed at 3 different camps, waiting for their turn to reach the summit when the natural disaster strikes the Himalayan region. The team was camping behind Kedarnath Peaks which was among the worst affected areas.

Bimla and her team had a miraculous escape which she contributes to the amazing team work and the decision making during the course of the expedition. Her experiences of real life rescue and facing untoward challenging situations simulates the corporate scenario and thus the HRD forum organised the program to understand the leadership and related concepts in real life situation.

Bimla stressed that the role of a leader is to motivate the team members to give their best for the success of the team, At times, the situation is so critical that the resources and the energy gets exhausted and it becomes a very critical situation or a matter of survival for the entire team. She found that during similar situation, she could motivate her team member by having an emotional bond and she insisted that for becoming a true leader, one should build the emotional trust amongst the members. Her field does not accept any compromises on performance and hence stressed that the education and upbringing of the youth should contain such exposure that makes them strong, resourceful and prepare for any eventuality in life.

Prafull Doshi, President VIA lauded the efforts of the team. Ashit Sinha, Advisor-VIA HRD Forum expressed his views on the expedition and learning from such experiences  and said that much of the situations are taught or referred by the corporate groups, but having to know the first hand experiences is definitely a good learning for all.

The programme was largely attended by students, Industrialists, Young Entrepreneurs’ and members of VIA.

At the outset, the Speaker Bimla Negi Deoskar, was welcomed by Prafull Doshi, President-VIA. Opening remarks was given by Girish Deodhar, Chairman, HRD Forum. Smita Dabholkar, faculty IMT Nagpur and Convener HRD Forum introduced the speaker. Summing up and vote of thanks was given by Ashit Sinha, Advisor- VIA HRD Forum. Prafull Doshi, President VIA also presented memento to the speaker. The programme was conducted by Girish Deodhar, Chairman-HRD Forum.

Talk held on “Climbing Your Own Everest” by Bimla Negi Deoskar

Nagpur Today : Nagpur News

Nagpur News: In January 2012, Urban Development Department (UDD), Government of Maharashtra had proposed modification in Development Control Rules of all Municipal Corporations and Councils of Maharashtra vide Notice No. TPB/4307/CR-334/2007/ UD-11, dated 18th January 2012 exercising powers conferred by sub-section (1AA) of section 37 of the Maharashtra Regional and Town Planning Act, 1966.

Wherein UDD had proposed that, in any sub-division of land admeasuring 2000 square meter and more, minimum 20% area shall be provided in the form of 30 to 50 sq. mtrs. developed plots for Economically Weaker Section (EWS)/Low Income Group (LIG) and handed over to be MHADA. Likewise in a building being constructed on land admeasuring 2000 square meter and more, minimum 20% of the built-up area shall be provided for EWS/LIG housing (27.88 to 45 sq. mtrs.) in form of flats and handed over to MHADA.

Vidarbha Taxpayers Association (VTA) had strongly condemned such move by the State Government declaring arbitrary use of Section 37(1AA) of MR & TP Act and had also submitted written notes of objections.

However, UDD had recently passed Notification bearing No. TPB 4312/CR-45/2012(I)/UD-11 dated 8.11.2013, wherein notably only the size of earlier proposed area of 2000 sq mtrs has been now increased to 4000 sq mtrs.

President of VTA J. P. Sharma said, “Even as per earlier DCR provisions, if land is above one acre, 20% vacant land is required to be kept open and no FSI for such land is allowed; with this additional 20% as per recent notification, one can very well understand that how ultimately burden of almost 40% cost will land on perspective flat owners, making flats further costlier by 10-15% just due to Govt policies”.

Sharma said this clearly establishes that State Government is shifting its duty on landowners and developers? It is utmost duty of State Government to provide housing to EWS/LIG and now they have transferred such responsibility by demanding 20% share from hard earned and tax paid land from the private land owners.

Tejinder Singh Renu, secretary of VTA questioned State Government that they themselves own ample land which is lying idle and many bungalows of bureaucrats have acres of land city, why not MHADA develop such access land and hand over to EWS or LIG with only the construction cost? On one hand Govt declares housing as priority sector and than add such modifications which strongly damages the original purpose.

Renu said, even this GR would drastically harm partitions within family on larger land, as no such clarification is mentioned in notification. Likewise it would further delay building sanctioning process which already in previous provisions almost take a year plus and with this new notification, only delay and dishonesty would boost significantly.

VTA believed that this notification is Diwali gift for MHADA, who will purchase flats on construction cost from developers and shall sell with profit without oozing any sweat.

Flat cost to rise 10-15% – VTA

Nagpur Today : Nagpur News

In reality, ‘ICONS’ are those who, by their works and outstanding personality, emerge as an example to the society and also become a source of inspiration. All live a life but life is fulfilled of only those who have an aim and strive hard to achieve that aim of life to touch peak of glory and success. The success and glory also touch the feet of such personalities who choose the perfect path and are untiringly active with true determination and supreme self-confidence. Such personalities remain away from bragging themselves but still impress and inspire the entire society by their social works. Nagpur Today caught up with one such  ”ICON” of Nagpur , B C  Bhartia .

B C  Bhartia  as he is fondly known is born and brought up in Nagpur. He did his schooling from Bishop Cotton High School. While reminiscing his early school days, he said that his father sent them to school when the fees was as low and meager as Rs 24 per month, while many did not even wanted to spend that amount on education of their children. According to him, his father believed in one very basic and very vital policy. He claimed that Good Health and Good Education are your assets for life. Everything else is temporary. He said that this policy of his father ensured that they had the best food and the best education. B C Bhartiya has continued the legacy his father gave him and ensure that the same policy in his own home too. He has given the best Education to both his daughters Aparna and Swati.

He finished his B.Com followed by Chartered Accountancy and did his Articleship with N K P Salve.

He said that he had a big family of 8 brothers. Continuous changes in Government Policies during the Post-Independence Era caused his family to see many financial ups and downs. There was no steady business. He added that in those days Chartered Accountants had a lot of value in Arab countries like Dubai, Saudi Arabia etc. As soon as one finishes his Chartered Accountancy, he or she used to get Appointment Letters with very good pay packages from foreign countries. At the same time, he realized that since his family is big and going away to a foreign country may not be financially viable. Depending on the business of Chartered Accountancy was not going to take the family forward. Therefore he decided to start a business. He says that he started a business that did not require a lot of investment and had a low risk of losses. He added that he could not afford losses.

He then realized that he should get into a multi-diversity business. So he started various such business ventures that did not require much financial capital and low risk of losses.

According to him those days foundry was developing in Nagpur and picking up good business. So he explored and got involved in Steel Foundries. He started supplying Hard Coke, Coke, Iron Pipe Manufacturing, Cement Manufacturing, Packed Drinking Water Manufacturing, Foundry Chemical Manufacturing, Foundry Alloy Manufacturing, Foundry Carburized Manufacturing, Medical Oxygen Manufacturing, HDPE Bag Manufacturing, Mining of Lime Stone & Dolomite etc. He also started a Chain of Departmental Stores.

He said that multi-diverse manufacturing and other business ensured that even if one business fails or hits recession, other business will ensure sustenance of his business interests and his entire family.

He again sensed as to how can one take out money from his business to ensure security of family members and their future. So in order to ensure security of family members’ future, he started small investments in purchase of residential flats and houses. According to him, this helped in strengthening the network and in making them eligible for more financing from banks to help them grow their business.

One of the Guru Mantra his father taught him which remains till date his own and his family’s Mantra while doing business is to “Never do anything Illegal, Immoral or Unethical”. He says this is my family code of conduct. That is one reason why we can and continue to give our names to all family business.

Above everything, he says apart from being a good businessman, he has to be a good son to his parents, a good husband and a good father to his children. He has two daughters Aparna and Swati. Aparna is a CA / CS and is married and presently in Singapore. His second daughter Swati is also a CA / CS is married off and is in Nagpur itself.

One very dynamic and inspiring policy is that we should give good human resources to the society for the children have to take the society forward. He added that one should be proud parents of daughters. They should help them develop like a tree and not like a climber or a creeper which is depending on the tree for sustenance. He says that he told them to get the best education and that they have direct competition with boys. He advised his girls that they should never hesitate to compete with them. Their being a girl should never be their weakness.

::: Samuel Gunashekharan

B C Bhartia’s Guru Mantra: Never do anything Illegal, Immoral or Unethical to succeed in business

Nagpur Today : Nagpur News

Nagpur News : Chairman cum Managing Director of Western Coalfields Limited D. C. Garg attended two days long 7th India Energy Summit 2013 conducted by Indian Chamber of Commerce in Delhi recently

Garg presented over Ramping up domestic coal production in India. While addressing the august gathering during the summit Garg said that Coal the key fuel for energy security, globally contributes 29% of Primary Energy needs, generates 41% of world’s electricity and used in the production of 70% of the world’s Steel. While speaking about in context Garg said that “Despite very low per capita energy consumption, almost one third of the global average, India the fourth largest consumer of electricity in the world, is destined to be the third largest at the present growth rate by the year 2030. Indian Prime Energy Basket consists of 53% of Coal, which is almost double of the global average. Speaking on importance of coal he said that Coal is the key mineral for Indian Growth Story.

While speaking about national economy Garg said, though the growth rate of Indian GDP has been a bit subdued during 2012-13 at 5%, it has been envisaged that, the growth rate will escalate and attain an average of 8% during the XIIth five year plan. Energy- Economy elasticity being 0.9, the growth rate of economy will have to be replicated in the Power Generation as well

While illuminating the participants of the summit Garg said that by and large we have been successful in achieving demand materialization up to 98% i.e. demand materialisation of 635.62 million tonnes as against the demand of 649.87 million tonnes during XIth plan period, albeit with support of rising imports. But as far as projections for XIIth plan are concerned, it has to be noted that despite producing to the peak capacity in optimistic scenario, we cannot assure demand materialization of 980.50 million tonnes, until and unless the coal imports touch 185.50 million tonnes. The Gap between demand and supply further rises to 271 MT in 2021-22.

Speaking on the key initiatives taken by CIL regarding transportation of coal Garg siad In order to strengthen the Rail Links to the major producing coalfields, CIL has taken the rail connectivity projects in collaboration with Indian Railways at the top most priority. In order to ensure efficient coal transport from mines to Railway Sidings and to curb the menace of Pilferage of Coal, projects for GPS based monitoring of Coal Transport have been undertaken by all the subsidiaries. He also enlightened listeners on new projects and investment plans of CIL.

The two days long India Energy summit was based on discussion over Oil & Gas and coal. The coal session was chaired by Anil Razdan, Former Power Secretary, Govt. of India & Chairman ICC National Expert committee on energy in the presence of special guest S. K. Srivastava, Secretary Coal, MoC, Govt of India. The summit was attended by senior Govt officials from oil & Gas and coal sector.

Coal is the key mineral for Indian Growth Story : D. C. Garg

Nagpur Today : Nagpur News

Nagpur News: Nagpur Branch of WIRC of ICAI organized Half Day Seminar on SME Industrial Growth and Advantages at Vidarbha at ICAI Bhavan, Dhantoli, Nagpur where  Vikas Jain, Jt. Director of Industries, Nagpur Region was the Guest and Speaker. While speaking as Chief Guest at inaugural function of the seminar  Jain said that government has announced various types of schemes for the development of backward areas and sectors of the state. In 2005 government came with mega project policy along with development of MSME sector. Government has announced various type of scheme from time to time. Basis of any industrial policy is to attract investors in backward areas of state to encourage development in such areas. PSI 2013 is best scheme announced by government for MSME sector. Even non-viable scheme can also find exit way under this scheme. Chartered Accountants are the true guide to the Industrial Houses seeking benefit of the scheme, he further said. He appreciated the role of Chartered Accountants in creating awareness amongst common public regarding various such schemes of the government. These types of program also will grow the knowledge of CAs with government policies and help them to cater to the need of the investors, he further added. He also extended all support to the CAs from District Industries Centre.

Shri Vikas Jain, Jt. Director of Industries, Nagpur Region inaugurating the seminar by lighting the traditional lamp.
L to R.
CA. Sandeep Jotwani, CA. Kirti Agrawal, CA. Julfesh Shah – RCM, CA. G.B. Modi, CA. Swapnil Agrawal- Branch Chairman,
CA.Ashwini Agrawal, CA. Kirit Kalyani, CA. Suren Duragkar

CA. Julfesh Shah, Regional Council Member in his remarks said that there were uncertainties in the announcement of package scheme of incentives. This scheme has opened new area of practice for young CAs. Research paper from WIRC is proposed over the scheme to give brief input about various intricacies involved in the PSI -2013 Scheme. He appealed members to give their inputs over the scheme so that proper representation can be made & required suggestions can be submitted with authorities, he added. He also update the members over WIRC happenings and various other matters.

Earlier Chairman of Nagpur Branch CA. Swapnil Agrawal in his welcome address said that Small & Medium Enterprises (SMEs) are the backbone of India’s economic system. It is observed that SMEs organizational structure is relatively simple and the accounting and internal control settings are not standardized.  The State of Maharashtra has declared the new Industrial, policy to ensure sustained industrial growth through initiatives for development of key potential sectors. The policy envisages grant of fiscal incentives to achieve higher & sustainable economic growth with emphasis on balanced Regional Development through greater public & private investment in industrial development. To update our members over the same, this half day seminar is organized, he further added. He informed the members over forth coming events of the branch like CAPL, Internal Audit Seminar, All Vidarbha Mega Seminar, etc..

In the technical session also Shri Vikas Jain, Jt. Director of Industries, Nagpur Region presented the paper on “Advantage Vidarbha for SME- The way ahead and Latest developments on Industrial Policies” and CA. G.B. Modi, renowned faculty from Dhule presented paper on “PSI 2007 vis-avis 2013, Advantages for MSME Units, Large Scale Units and Mega Units”. Both the speakers resolved various queries of the participants in most effective manner.

CA. Swapnil Ghate co-ordinate the proceeding and CA. Kirti Agrawal, Secretary of the Branch proposed formal vote of thanks.

Prominently present on the occasion were, CA. Ashwini Agrawal,  CA. Suren Duragkar, CA. Umang Agrawal, CA. Kirit Kalyani, CA. O S Bagdia, CA. Milind Patel, CA. Sudhir Baheti, CA. K. G. Budhraja and over 200 members.

“PSI 2013 scheme to encourage Industrial Development “– Vikas Jain

Nagpur Today : Nagpur News

The staggering figure is within six months of the financial year

Nagpur News.

The Entertainment Tax Department has mopped up over Rs 3.5 crore from cable operators in the past six months after the digitalization was made mandatory by the Central Government. The recovery of the whopping amount was accounted for the set top boxes installed by the cable operators.

The above information was sought by an RTI activist. The Central Government move for compulsory installation of set top boxes under digitalization system was aimed at curbing non-payment of Entertainment Tax by cable operators in a big proportion. The mandatory installation of set top boxes has cleared the figure of cable connections to a great extent. Previously, the cable operators clandestinely suppressed the exact figure of cable connections thus robbing the Government of Entertainment Tax in a big way.

The RTI activist Abhay Kolarkar, resident of Padole Layout, sought the overall information from the Entertainment Tax Department about the current status on installation of set top boxes in the city. According to the reply, till now 4,34,980 set top boxes have been distributed or installed by the customers. Previously, the figure quoted by cable operators was much less thus clearly showing non-payment of Entertainment Tax in accordance with the number of cable connections. The RTI reply further informed that the number of cable operators in Nagpur stood at 606 who are functioning under four main cable operators.

The Entertainment Tax Department has so far recovered Rs 3.5 crore from cable operators which could climb to Rs 6-7 crore by the end of financial year. The Department has collected Rs 5.71 crore in 2012, Rs 4.09 crore in 2011 and Rs 3.90 crore as Entertainment Tax from the unorganized sector of cable operating. But after digitalization, the figure has already crossed Rs 3.5 crore within six months of the financial year.

Entertainment Tax Deptt mops up Rs 3.5 crore after set top boxes made mandatory by Govt

Nagpur Today : Nagpur News

Nagpur News.

A program was organized by the Lady’s Wing of Vidarbha Industries Association, titled “Business and Personal Networking for Women” by prominent Industrialist and Management Guru, Akash Agrawal, Managing Director-Akash Furnitech Pvt. Ltd. at VIA Hall, on Wednesday, 27^th November.

The prominent Industrialist and the speaker Akash Agrawal said “Your Network = Your Networth”. Networking is basically building and cultivating relationship with people of similar interest in ways that can be of mutual benefit & networking is a lot like flossing your teeth, to be good you have to do it regularly. Akash said, Your network (friends, acquaintance, relations) are like your immune system or shock absorbers which absorb shocks at the time of crises in your life. He added, Be at the right place at the right time with the right attitude, “People buy people first” & People do business with those they like, trust, believe and are familiar with. The biggest and most effective form of marketing and advertising is word of mouth publicity which is also a result of networking to some extent, “Its not what you know that counts, it’s whom you know”

Akash added that people can start networking from any gathering of people like chamber of commerce & industry meetings/programmes, professional associations, conventions, ask your friends for recommendations and introduction, Gyms, playing sports like golf, cricket, clubbing, yoga, zumba classes, etc, are good place to start networking. Business networking can be done at exhibitions, seminars, training courses, associations, foreign trade visits, etc, also at pubs, trains, planes, weddings, children schools, alumni events, etc.

Akash  said networking is very important to make new friends, find new businesses, new jobs, get leads,  change careers, hire good employees, sell products, improve your business practice, to find a life partner, brides/grooms for their children. He also shared Do’s & Don’ts of networking: Do’s are like: Be genuine, authentic, build trust and relationship, Become known as a resource to others, Understand the need of people you are networking with & offer them some value (invest time & effort to help others), Have fun. Similarly, Dont’s are like: Don’t fear big shots, Don’t expect anything, Don’t only hangout with friends, Don’t get discouraged if some people don’t like you. It’s ok!!, Treat everyone as equals (no bhaiya-baji).

Akash also shared Myth’s of networking like Networking is manipulative - Its not when you are open about your agenda, Its only for extroverts, Successful people will not talk to me or they are too busy.

Akash also discussed about Online Networking through Facebook, Twitter, Linkedin & Whatsapp. He shared his practical experience & opinion. He added that don’t wait until you are desperate to network, You are never to old or successful to network, People are often very happy to help others, Networking comes naturally to those who love to meet new people and find out what they are about, People who are curious to find out new things, curious to learn new skill, sport, knowledge, etc.

Summing up his talk Akash, suggested and gave tips and advice to all that always reach early for any meeting, event, programme, party, etc., Join – Jaycees, Lions, Rotary, round table, VMA, VIA, VED, NVCC, NCCL, MIA, etc, Saturday club, DICCI, etc. Have some USP so that people remember you; attend all weddings, parties, events, meetings that you are invited to, always go for conferences, trade fairs, exhibitions, especially outside your city. Try and go in a group if possible, what goes around comes around – you receive what you give. Give to receive, instead of sticking to just old friends join clubs, associations, forums and make all your old friends also to join them, don’t wait until you are desperate to network, you are never too old or successful to network. Networking also increases self-confidence, Extended family, Groups/friends according to interest, lastly, increase in growth of business.

The talk was free and was attended by large number of Women entrepreneurs’, Members of Lew and students.

At the outset, Akash Agrawal was welcomed by Anita Rao, Chairperson -LEW, Floral welcome of the speaker, Akash Agrawal was done by Anita Rao, Chairperson -LEW, Introduction and opening remarks was given by Shikha Khare, EC Member, Memento was presented to Akash Agrawal by Anita Rao, Chairperson –LEW. Summing up and vote of thanks was given by Vandana Sharma, Secretary-LEW.

Business and Personal Networking for Women

Nagpur Today : Nagpur News

Nagpur News.

Nagpur Branch organized first time Gurucool spread over for 21 weeks, every Wednesday at ICAI Bhavan Dhantoli. Bureau Chief of Vidarbha, ABP-News, ABP-Majha Sarita Kaushik while speaking as a Chief Guest at a valedictory programme of Gurucool said that practical exposure to the professionals are pretty much required. This is fast  moving economy, updating is the need of the hour. One has to continuously update himself / herself on various fronts like technology , communication, taxation etc. She said that one has to strive for perfection & keep making efforts for achieving it . She guided the participants over principles to be followed for success in life and shared her experience with participants and said that one should not saw bad actions as they will reap bad habits only. She appreciated Nagpur ICAI for conducting such beautiful course & complimented the participants for joining at the appropriate time.

(L to R) CA. Julfesh Shah, RCM, Sarita Kaushik- Chief Guest, CA. Swapnil Agrawal, Chairman, CA. Suren Duragkar

Regional Council Member CA Julfesh Shah while delivering his address guided the member on the advantages available to CA proffession. He said that it is most versatile proffession that gives all round capabilities to the person. Now a days CAs is considered as the complete business solution provider. Practice your best character and don’t get frustrated & get an inclination towards short term profits at the cost of your character. True character is what you are when no one is watching, he further added. He said that this concept of Guru Cool organized by Nagpur Branch is getting great recognition at all the branches of ICAI and three branches of WIRC have adopted this concept as it is motivating & increasing the treasure of the knowledge of young practitioners and groom them to perform their professional duties in the most effective manner.

Earlier Chairman of Nagpur Branch CA. Swapnil Agrawal in his welcome address said that first time Nagpur Branch of WIRC of ICAI has designed this Novel Concept of ‘GURU COOL’, where various renowned experts in our professional field came to share with us not only their professional expertise but their time tested wisdom acquired through making many right and wrong decisions. Guru Cool has proved itself to be one of the best designed course that has given its participants true value addition to their professional life, which will support them to excel in their career. He assured all possible help from Nagpur Branch of ICAI in their future endeavor.

The program was formally inaugurated on 19^th June 2013 and during the term renowned Gurus’ of Nagpur namely CA Sudhir Baheti, CA Kapil Bahri, CA Vijay Agrawal, CA B C Bhartia, CA Ajit Gokarn, CA C N Rathi, CA Anand Dhoka, CA Hemant Rajandekar, CA Ninad Nandgaokar, CA Rajpal Singhai, CA O S Bagadia, CA Anirudha Shenwai, CA Ashutosh Joshi, CA Makarand Joshi, CA Sitaraman Iyer, CA Anil Parakh, CA Sanjay Narke, CA Kailash Jogani, CA Ashok Chandak, CA K P Sahasrabudhhe, CA Jaydeep Shah, CA Ashish Mukim, CA Kapil Hirani, CA Jayant Ranade, CA B K Agrawal, CA Anil Dani, CA Rajesh Loya, CA Mahendra Kamath and CA Julfesh Shah,  guided the professional on different occasion. CA. Suren Duragkar coordinated the valedictory session and proposed a formal vote of thanks. Prominently present on the occasion were, CA. Ashwini Agrawal, CA Swapnil Ghate, CA Kirti Agrawal, CA Sandeep Jotwani, CA. Umang Agrawal, CA. Kirit Kalyani and all the Guru Cool participants.

Successes is a know of Cause and Effect for young professionals: Sarita Kaushik

Nagpur Today : Nagpur News

Nagpur News: Under the guidance of Municipal Commissioner Shyam Wardhane and Dy. Commissioner Pramod Bhusari LBT team lead by Assistant Commissioner Mahesh Dhamecha along with LbT officers Yadav Jambhulkar,Rajesh Meshram,Nandu Bhowate and LBT Inspectors Sumer Gajbhiye, Dnyaneshwar Dhote, Ulhas Motghare,Vijay Chetnani, Jeetu Tomar, Raju Borkar, Rajesh Dhok, Binekar, and drivers Mankar and Naidu made a seach at Jain Traders and Jain Metal, a dealers in utensils and other metal products in Jagnath Budhwari near Bharat Mata Chowk, informed press release.

Though the dealers were registered in LBT, and made partial LBT payment, they have not maintained any records including purchase register which is mandatory as per LBT rule 22. The sock of inventory is being taken and accordingly LBT payment liability will be fixed as per rules. It is seen that some utensil dealers are not making payment of LBT on all their purchases and selling goods without any sale receipts. All local dealers making purchases from wholesalers should ensure to get the purchase invoices with LBT numbers printed thereon, otherwise the liability of payment will be attracted on the purchasers as per rule 20 of LBT.

LBT Search at Jain Traders and Jain Metals at Jagnath Budhwari

Nagpur Today : Nagpur News

Dalit MSMEs have paid Rs 13,500 crores direct taxes: DICCI
Nagpur Today: While addressing a press meet recently Chairman of DICCI Padmashree Milind Kamble said that it is for the first time after 60 years of Independence that the Dalit Indian Chamber of Commerce and Industry (DICCI) has tried to dissipate the misconception prevailing in the society that people from the SC/ST category have made stupendous progress because they are enjoying all the fruits of reservation. DICCI has brought to light some facts after a detailed study, which would be an eye-opener for the citizens of the country.

As per the RBI, in the first quarter (Q1) of the current financial year, the GDP of the country was Rs 13.71 lakh crore. “If we go by the Census of 2006-2007, the SC/ST micro small and medium enterprises (MSMEs) have contributed Rs 1.35 lakh crores which is about 10 per cent of the total GDP of the country. This 10 per cent is a remarkable contribution from the SC/ST MSMEs in India,” he said.
After 60 years, the Central and State Governments have offered employment to 50 lakh SC/ST candidates.

Against this, SC/ST entrepreneurs have given employment to 77.45 lakh people showing an appreciation of 27.45 lakh (about 55 per cent). “The capital investment (CAPEX) made by the SC/ST entrepreneurs is Rs 86,904 crore and they have contributed Rs 13,500 crore to the Government’s treasury in the form of direct taxes. However, as per the budgetary allocation, the Union Social Justice Ministry has kept aside a fund of Rs 4,500 crore which is being spent in the form of scholarships and other facilities.

This automatically reflects that the SC/ST entrepreneurs have given Rs 9,000 crore more to the Government,” Kamble pointed out. “No one talks about this real fact, neither the Government, NGO nor any political party. Then why there is a hue and cry that the SC/ST people have progressed just because they are given reservation. Whatever the Government is spending on the SC/ST people are being done from our own pockets. Even, the additional fund of Rs 9,000 crore which is in the form of direct taxes is contributed by us in developing the social infrastructure of the country. No one talks about it,” he noted. “This conference is being organized to tell the Government in general and the people of India in particular that there is no obligation on us.

Reservation is the right enshrined in the Constitution to make the enfeeble people strong. Dalits are the assets in this country,” Kamble stated. Taking this into consideration, it becomes the duty of every Indian to join hands with the Dalit community and push the engine of the country’s growth.

DICCI supports liberalization, privatization and globalization (LPG) as it has opened new corridors for Dalits to show their skills.

Kamble added that while designing any programme, the Government should not treat it as a need but should feel that it was addressing the problems of Dalit youth. “Government schemes have failed to boost the morale of the Dalit youth. Now it is high time the Government fulfills the aspirations of the Dalit youth and help them eradicate the disease of poverty and make them self-sufficient,” he suggested. Ten years down the line, after the inception of DICCI, the Government had awakened from the long hibernation and made 4 per cent purchases mandatory from SMEs run by SC/ST in the Procurement Policy. Replying to a query about reservation for jobs in private sector for SC/ST candidates, the Padmashree awardee said that the matter was discussed at great length. In 2006, the Indian Inc and the Government took the decision that an affirmative action would be taken. “Now, 500 Dalit vendors have come into the mainstream and are supplying spare parts and accessories to the corporate world as well as public sector undertakings. We have gone ahead and the corporate world is now partnering with Dalit entrepreneurs,” he said.
Tatas have joined hands with N K Chandan, a Dalit entrepreneur from New Delhi. “We want to see our names in the list of millionaires and billionaires by working with our sweat of brow,” he felt. Talking about the non-cooperative behaviour of the banking industry, Kamble said, “Whenever we approach banks for loans, they ask us to provide collateral security. How we can provide them as collateral security. We are the first generation businessmen. Our forefathers were treated as bonded labourers in this country,” he said. In order to solve this problem to some extent, DICCI has come up with a venture capital fund wherein 100 Dalits can become millionaires. “Empowering the DICCI members is the need of the hour. We respect all the organizations and political parties which are defending the interests of Dalits in the country.

We, as an industry body, i.e. DICCI, will always try to take the chariot of Dr Babasaheb Ambedkar further,” he claimed. “We have selected Nagpur for highlighting this issue because Dr Ambedkar had created history on this land. He has flagged off the social transformation movement from Nagpur by taking refuge in Buddhism and liberated us from social bondage,” said Arunkumar Khobragade, Mentor-DICCI, Nagpur Chapter. “Today economics has taken the front seat in every segment of the society and we are rolling out plans to make our members financially sound so that they can contribute in the GDP growth of the country,” said Nishchay Shelke, President of DICCI, Nagpur Chapter.  Those present for the press conference were Gopal Wasnik, CA Ashwin Kapse, Abhitabh Meshram, Kiran Meshram and Hemant Ganvir.

Govt should fulfill the hopes of Dalit youth says DICCI chief Padmashree Milind Kamble

Nagpur Today : Nagpur News

Nagpur News : An interaction meeting was held in between VIA members and Mr. Pravin Dixit, Director General of Anti Corruption Bureau, Maharashtra, on At VIA Hall to discuss on the subject of wide spread menace of Corruption which is adversely affecting the interests of Industries and hampering the development of the industry in Vidarbha region.

Pravin Dixit urged Industrialist to strengthen the system by registering complaint against any demand which comes from any government officials or from harassment from any government representatives for doing or completing any pending work. Similarly, NGO’s or any agent acting as a facilitator in between the complainant and any government officials can also be taken into net for the demand of bribe. Dixit added that VIA can play an important role in reducing the corruption. Collective counselling given by VIA to all Industrialists can actually bring awareness about combating corruption and will also help the department. VIA can spread awareness to their members on the sinful effects and consequences of corruption and the way in which the corruption is destroying the society.He explained the privilege, responsibility and the solutions that is available to all for preventing crimes. In addition, Dixit also discussed the modalities of filing of a complaint in bureau.

From left to right: Rohit Agrawal, Prafull Doshi, Pravin Dixit, Nisheet Mishra

Dixit said in this modern era, corruption is widespread everywhere. People are very anxious to get their work done quickly. In such cases people are prone to give bribes and the greedy bureaucrats use the situation to gain money. Soon it becomes a custom. Even people who remain honest fall prey to this because of necessities. According to anti corruption law, not only taking bribe but also giving bribe is classified as an offence. Dixit said VIA can help us to eradicate corruption from the society by helping the society.

VIA members shared their suggestions/proposal for improving the working of Anti Corruption Bureau. The meeting was largely attended by members. Prafull Doshi, President VIA assured that VIA will give their full support to the ACB department. Rohit Agrawal, Hon. Secretary- VIA appreciated the department for their Initiation of combating corruption.

At the outset, Pravin Dixit, Director General was welcomed by Prafull Doshi, President- VIA. Summing up and vote of thanks was given By Rohit Bajaj, EC Member – VIA. Other prominent members who were present were Rohit Agrawal, Hon. Secretary-VIA, Girish Deodhar, Chairman VIA HRD Forum, B. H. Bhattad, Director, Gimatex Industries Pvt. Ltd., S. B. Mundada, mahalaxmi TMT Pvt. Ltd. and other VIA members. From the ACB department, Nisheet Mishra, SP, ACB, Nagpur and Sanjay Purandary, Dy. SP. ACB, Nagpur and other officials of ACB were also present.

Interaction meeting with Pravin dixit, DG (ACB),MH held at VIA hall

Nagpur Today : Nagpur News

Nagpur News: Nagpur Branch of WIRC of ICAI organized Half Day Seminar on Data Analytics and Continuous Monitoring – Practical Case Studies at ICAI Bhavan Dhantoli, Nagpur.

In the inaugural session Chairman of Nagpur Branch CA. Swapnil Agrawal in his welcome address said that Internal Control systems are essential for the effective operation of any organization. However, over time, without monitoring, control systems deteriorate. Through the implementation of appropriate monitoring processes, organizations can identify and remedy internal control deficiencies on a timely basis and produce more reliable information for decision making and financial reporting. Focus is now shifting from traditional practice to management consultancy and internal audits, which needs enhanced knowledge of data analysis and continuous monitoring, he further added. This seminar will update our members’ knowledge over the relative issues of internal control, data analysis and fraud detection processes. He informed the members over forth coming events of the branch like All Vidarbha Mega Seminar, MVAT Audit Seminar, etc.

L to R.
CA. Kirti Agrawal- Secretary, Mr. Jairam Rajshekahr- Guest Speaker,
CA. Swapnil Agrawal- Chairman, CA. Ashwini Agrawal- Vice Chairman,
CA. Umang Agrawal, Managing Committee Member

In the technical session Shri Jairam Rajshekar from Mumbai  explained overIdentifying Fraud and Irregularities, he said that Globally more pressure is being put on people using data analytics to include searching for and detecting fraud as part of their regular reviews. Today’s session will showcase special fraud investigation techniques like payment splitting using Benford’s Law, prohibited party / money laundering searches, unauthorized application system access, detecting close proximity insurance claims, and duplicate system journal entries testing to suspense accounts on weekends and holidays, etc. He explained about Effective Audit Planning using Statistical Techniques and said that Audits can be planned both effectively and efficiently to deliver maximum assurance and value-add if key risks within the incumbent process are tracked and monitored closely. The sessions also showcase using Correlation to identify mis-matches and trend variances in sales and purchases. Planning an optimum audit sample for substantive testing using Attribute Sampling and ABC – analysis are also key points to data analytics. He also highlighted on Internal Audit – Testing of Controls and Repetitive Analysis.Internal control systems are essential for the effective operation of any organization. He explained with examples the functioning of internal control like – Statutory Compliance tests will be presented from a Payroll function for tracking of non-deduction of TDS, etc, he further added. He addressed the queries of the members in most effective manner.

CA. Kirti Agrawal, Secretary of the Branch co-ordinate the proceeding and proposed formal vote of thanks.

Prominently present on the occasion were, CA. Ashwini Agrawal, CA. Suren Duragkar, CA. Umang Agrawal, CA. O S Bagdia and over 150 members.

Seminar on Data Analytics and Continuous Monitoring – Practical Case Studies held at ICAI

Nagpur Today : Nagpur News

Nagpur News: Under the guidance of Municipal Commissioner Shyam Wardhane and Dy. Commissioner Pramod Bhusari LBT team lead by LBT Assistant Commissioner Mahesh Dhamecha along with LbT officers Yadav Jambhulkar, Khandate,Nandu Bhowate and LBT Inspectors Sumer Gajbhiye, Ulhas Motghare,Vijay Chetnani, Pise, Borkar, Suneri, and drivers Mankar, Sonekar and Naidu made a search at Mahavir Enterprises, Opposite Brambhi Samaj Bhawan, Gandhibagh , Nagpur, a dealer in bags and suitcases.

Though the dealers were registered in LBT, and made  LBT payment of Rs. 12,000/- only, in spite of huge stock of good available in its 5 storey building. The dealer have not maintained any records including purchase register which is mandatory as per LBT rule 19.

There was no sale receipt book as required in LBT Rule 22 .The sock of inventory is being taken and accordingly LBT payment liability will be fixed as per rules. It is seen that  dealers are not making payment of LBT on all their purchases and selling goods without any sale receipts.

All local dealers making purchases from wholesalers should ensure to get the purchase invoices with LBT numbers printed thereon, otherwise the liability of payment will be attracted on the purchasers as per rule 20 of LBT.

It is also seen that many dealers are bringing the goods in fictitious names and not disclosing such purchases, which would attract 2 times penalty in addition to LBT liable, as per Rule 48(2)

LBT Search at Mahavir Enterprises, Gandhibagh