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Gurbir elected Mumbai Press Club prez

Jore Chairman. Poll rivals vow for team work!

Bury the hatchet! Bitter rivalry of pre-poll campaign forgotten, Dharmendra Jore (left) & Gurbir Singh vow to work together in the interest of the Press Club. Pic: BNK

HERE ARE THE FINAL RESULTS SHEET.

Total number of votes polled: 694

PRESIDENT

Gurbir Singh has been declared elected President. 

Gurbir Singh: 390 votes

Bharatkumar Raut: 287 votes

Invalid: 18 votes

CHAIRMAN

Dharmendra Jore has been declared elected Chairman. 

Dharmendra Jore: 440 votes

Vilas Athavale:  232 votes

Invalid: 24 votes

VICE CHAIRMAN

Chandramohan Puppala has been declared elected Vice Chairman. 

Chandramohan Puppala: 304 votes

Samar Khadas: 288 votes

Sanjeev Kumar Shukla: 71 votes

Invalid: 31 votes

SECRETARY

Lata Mishra has been declared elected Secretary. 

Lata Mishra : 396 votes

Kalpana Sunil Rane: 270 votes.

Invalid: 28 votes

JOINT SECRETARY

Ashish S. Raje has been declared elected Joint Secretary. 

Ashish S. Raje : 374 votes

Nilesh M. Dave: 282 votes.

Invalid: 37 votes

TREASURER

Varun Singh has been declared elected Treasurer. 

Varun Singh: 341 votes

Om Prakash Tiwari : 319 votes.

Invalid: 34 votes

Press Club poll campaign at its feverish pitch

MANAGING COMMITTEE

The following 10 candidates have been declared elected to the Managing Committee (with number of votes polled):

1.       Santosh S.Andhale               447

2.      Mrityunjay Bose                    419

3.      Prashant H.Nadkar              382

4.      Prakash Akolkar                   371

5.      Sachin Ramesh Haralkar      367

6.      Mayuresh Ganapatye            318

7.      Pravin Kajrolkar                   316

8.      Abhimanyu Shitole               295

9.      Prashant K. Nakwe              292

10.   Kalpana Sunil Rane              287

Invalid Votes: 18 (So, we have invalid votes in Press Club election?!)

Jatin Desai                                         Haaris R. Shaikh

Returning Officer                             Deputy Returning Officer

Social Communication is vital part of PR - PRCI, Concept PR show how

PRCI campaign wins SVUS PR World Gild again this
Year, under Agency Achievement category

Veteran media professional B N Kumar, popular as BNK24x7, credited for launching a novel concept called Social Communication. He has thus acquitted a new tag – Social Communication Activist. Vikypedia talks to BNK, Executive Director of Concept PR and Governing Council Chairman of Public Relations Council of India (PRCI), on his new experiment which has won a national and two international honours – Fulcrum Award: Consultancy Professional – Not For Profit and two SVUS PR World Gold awards.

Question: Congratulations BNK on winning the SVUS PR World gold for the second time. What was all this about?

For details, click: http://www.vikypedia.in/social-communication-vital-part-pr/

Budget Wadget! Let's hear ourselves!!

Jaitely’s  Dilemma

Familiar Photo Ops or expect some Good News for the common man? Lets wait and watch

According to media reports,  Arun Jaitley has invited economists and business representatives for consultation just before sending his budget papers for printing.

This is indicative of the fact that Jaitley is on the horns of a dilemma. Despite several  government steps since assuming office, including goading RBI to cut rates, to push economic growth,their  outcome is very modest. It is pertinent to quote a nugget from the  official Mid-Term  Review of the economy : ‘the remarkable thing about 2015-16 growth performance is that it continues to be as strong ( about 7%) as it is, given the weakness of exports ( because of weak world markets) and private investment’.

The Review has identified two intractable problems: One is that the global trade is declining and most economies-,China, Japan, Europe are on the decline. The US economy is barely growing. The latest Economist magazine says  that  world leaders are running out of options  in fighting  global recessionary trends.As a result, Indian export earnings have declined.

Second, the Indian  private sector is not investing, as there is  external and internal demand contraction. Most companies are heavily indebted and finding it difficult to service their debts due to low earnings. This is having a cascading effect on banks.

This has complicated budget making. Simply put, only government can create demand by making huge  investment  in infrastructure and other projects. But  a low performing economy is accompanied by low government revenues. Against this background, the captains of industry are urging the government to  cut taxes and offer incentives to spur  private investment. Both the measures would result in further worsen the  revenue picture. The Mid -Term Review clearly spells out the difficult choices before jaitley. If the latter were to opt for higher government investment, that could come only from  borrowing or deficit financing. But under the Fiscal Responsibility Act, the finance minister is committed to bring down the fiscal deficit to 3.9 or lower. This is  known as  fiscal consolidation. If jaitely were to cross this Laksman Rekha, and opts to spur growth from public investment out of borrowed money, would it also spur inflation? The retail inflation, particularly of food items, is climbing up.

The other big worry is that the economy is not creating enough jobs to absorb almost a million youth entering the  job market every month. If the  government were to stick to its fiscal consolidation promise, and not  make big ticket investment, this will have an adverse effect on the job market. That is a recipe for youth unrest.

All in all, Jaitley finds himself between a rock and a hard place.

Perhaps he had made up his mind to jump the fiscal deficit commitment in the fond hope of acerbating growth. The last minute consultation is a bid to gain advance endorsement for his growth push. 

- S Narendra

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Hello, Telecom Dekho!

India currently is the second largest telecommunications market in the world and there is a consistent growth in this sector, given the kind of growth and investment this sector is seeing it definitely needs attention from government, the current move to adapt GST on the policy front is commendable and these new regimes will have more impact on telecom sector. 

Tax incentives and holidays for Research and Development, Manufacturing in Telecom sector from the government will be a welcoming move again.

 - Atul Jain, COO, Le Ecosystem Technology India Pvt Ltd.

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Of taxes and death!

The other day, I read this anonymous quote: Death and Taxes are certain, but dearth does not come annually.

It has become fashion for all political parties, particularly when they are in opposition, to talk about reducing the personal taxation burden. It’s like what Mark Twain said: Everyone talks about the weather, but no one has done anything about it.!

The common man is made to suffer silently and among this lot, the salary earner is the easiest goat for any government – tax them, tax them and keep taxing them.

It does not require a great economic pundit to tell you that if you leave some money in the common man’s pocket, he would only spend! So, why couldn’t the successive finance ministers reduce tax burden and allow people to spend more?

India seems to be the lone country (or among the few) in the world where you are taxed for earning as well as for spending!

I request the FM to allow some tax concessions to the middleclass and allow them to enjoy life! After all, you are taxing us on spending as well, right?

The Economic Survey doe not present signs of any exciting budget. But will the FM do some Jugad in an year where couple of Assembly elections are due?

I am keeping my fingers crossed!

-       BNK

Big Task, says Business India on PRCI

From Business India, April 27-May 10, 2015