From the Sec­re­tary Gen­eral's Desk…

FICCI Business Digest - - In Focus -

AIBA ugust-Septem­ber were the months when FICCI hosted many of its pre­mier flag­ship events. We has the FICCI- an­nual con­fer­ence; FICCI HEAL, the con­fer­ence on health­care; ‘Global Skills Sum­mit’; Mass­mer­ize, the con­fer­ence on re­tail and FMCG sec­tors and ‘Home­land Se­cu­rity - 2015’. Dr. Raghu­ram Ra­jan, Gover­nor, Re­serve Bank of In­dia, spelt out the short term macroe­co­nomic pri­or­i­ties of the cen­tral bank at the bank­ing con­fer­ence. Th­ese are aimed to help growth by bring­ing down in­fla­tion in line with the pro­posed glide path, thus cre­at­ing room for mone­tary eas­ing; and work with the Gov­ern­ment and banks on speed­ing up the res­o­lu­tion of distressed projects and clean­ing up bank bal­ance sheets. The Gover­nor said “While low in­fla­tion for a while will lower the pub­lic’s in­fla­tion­ary ex­pec­ta­tions and in­crease their real dis­pos­able in­come, in or­der to achieve a sus­tain­able vic­tory against in­fla­tion the pub­lic has to be­lieve that in­fla­tion will stay low even af­ter com­mod­ity prices start pick­ing up in the fu­ture. For the pub­lic to look through fu­ture price spikes with­out rais­ing wage de­mands, the RBI has to have cred­i­bil­ity that it will act firmly against any fu­ture in­fla­tion­ary threats. Cred­i­bil­ity comes from frame­works and in­sti­tu­tions.” This year’s theme was at FICCI HEAL 2015 was ‘In­dia's Health­care: Time for Par­a­digm Shift’. Over two days, the con­fer­ence fo­cused on the shift needed in the health pol­icy struc­ture and func­tional guide­lines for achiev­ing global stan­dards of health­care across the coun­try. The con­fer­ence saw large-scale at­ten­dance by pol­icy mak­ers and na­tional and in­ter­na­tional lead­ers from health­care and as­so­ci­ated in­dus­tries from In­dia and abroad. It fo­cused on the need for cre­at­ing an en­abling ecosys­tem to ad­dress cul­tural, in­fras­truc­tural, financial and le­gal is­sues so that con­stant streams of in­dige­nous in­no­va­tions are avail­able for mar­ket ap­pli­ca­tion. There was a strong em­pha­sis on es­tab­lish­ing a sup­port­ive reg­u­la­tory sys­tem which is ex­pected to play a vi­tal role in en­cour­ag­ing star­tups in the man­u­fac­ture of med­i­cal de­vices in the coun­try. At the ‘Global Skills Sum­mit’, Nir­mala Sithara­man, Min­is­ter of State (In­de­pen­dent Charge), Min­istry of Com­merce & Industry, launched the CEOs4Skills, a premium fo­rum of top CEOs which will lead the Prime Min­is­ter’s vi­sion on skills de­vel­op­ment. The fo­rum aims to es­tab­lish thought lead­er­ship in de­vel­op­ing a strate­gic di­rec­tion in the skill build­ing land­scape; play key role in bring­ing to­gether train­ing, skill build­ing and job cre­ation with a com­mon pur­pose; bridg­ing the de­mand sup­ply gap in de­vel­op­ing a ro­bust econ­omy and play a lead role in so­cial trans­for­ma­tion. The theme of the fifth edi­tion of Mass­mer­ize was ‘Sell SMART - Sus­tained growth and com­pet­i­tive­ness, Make in In­dia, Au­then­tic Prod­ucts, Re­spon­si­ble Busi­ness and Tech­nol­ogy & In­no­va­tion.’The con­fer­ence em­pha­sised that a ‘smart city’ can only be cre­ated with smart manufacturing of FMCG prod­ucts and smart re­tail of such prod­ucts. It em­pha­sized on how the dream of ‘Make in In­dia’ can­not be suc­cess­ful un­til the dis­tri­bu­tion within In­dia is made ef­fi­cient. Ram Vi­las Paswan, Union Min­is­ter for Con­sumer Af­fairs, Food and Pub­lic Dis­tri­bu­tion, who gave a spe­cial ad­dress at the con­fer­ence said, “The Con­sumer Pro­tec­tion Bill is now in Par­lia­ment and we wish to see it suc­cess­ful.” While the gov­ern­ment is do­ing what­ever it can to boost pro­duc­tion, industry must take its re­spon­si­bil­ity to­wards con­sumers se­ri­ously. FICCI’s ‘Home­land Se­cu­rity - 2015’ con­fer­ence was on the theme ‘Safe & Smart Ci­ties’. The Chair­man of the Par­lia­men­tary Stand­ing Com­mit­tee on Home Af­fairs, P Bhattacharya, who in­au­gu­rated the con­fer­ence em­pha­sised the need for cau­tion in the de­vel­op­ment of ‘Smart Ci­ties’ lest the pro­vi­sion of a safe city en­vi­ron­ment leads to cre­ation of class di­vi­sions be­tween per­ceived smart cit­i­zens and other cit­i­zens de­barred from avail­ing of the fa­cil­i­ties and op­por­tu­ni­ties of a ‘Smart City’. We bring to you re­ports on th­ese events and other fea­tures and hope you will find them in­for­ma­tive and use­ful.

A Di­dar Singh

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