FKCCI - Mysore Commerce Magazine September 2017

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MYSORE C MMERCE F K C C I J o u r n a l Issue 09 MYSORE C MMERCE F K C C I J o u r n a l Issue 09 Though the Government has launched several schemes to help farmers, real time information is missing. “The agriculture department’s information stops at details of sowing area. There is no production forecast. We don’t even get last year’s data on production. Farmers need timely information,” he said. The app, ‘Way2ABI Agri FBI’, provides weekly updates on demand trends in Agriculture Produce Marketing Committees as well as information on district-wise supply and demand ratio. Farmers also get graphs, charts, market review and summary about 10 crops, including onion, tomato, coffee, cotton and tur, that see ups and downs on a regular basis. FKCCI Events Downloaded by about 3,500 farmers already, the app is getting recognised for its crucial information. “We have to look at the production trend in India as well as import scenario. For example, we came to know about high yield of onion in Maharashtra and advised farmers not to wait for a better price,” he said. For now registration for the app is free. The company first wants to reach as many farmers as possible and only after convincing the farmers of the app’s use, they intend to charge about Rs 500 for four months. Clarify Confusion about Compliance under RERA Act to avoid Disruption in Real Estate: K. Ravi, President, FKCCI MC place by the developers before selling the properties, and requested the Principal Secretary of Housing Department to Sri Kapil Mohan to guide the Members about the way forward. Starting the proceedings, Dr. B. Amaranath, Chairman, Civic Affairs & Urban Development Committee, FKCCI said the authorities should check and verify the credentials of the promoters and their agents before they are registered and wide publicity be given for the benefit of the public while also ensuring that 70% of the deposit amount made by the promoters is not diverted. Addressing the Members, Sri Kapil Mohan, IAS informed that under the RERA Act, the Karnataka Real Estate Regulation and Development Rules, 2017 was approved by GOK and notified on July 10, 2017. The basic objective behind the RERA Act was to encourage greater transparency, citizen-centricity, accountability and financial discipline and the Act seeks to regulate all the ongoing projects as well as projects which are proposed to be launched. As of now, 1,100 registrations had been made with RERA in Karnataka and the penalty for violation of the Act is as high as 10% of the Project cost, he said. This was followed by a detailed presentation on the salient features of RERA Act, viz. procedures on the registration on the project, mandatory disclosure of project details, functions and duties of promoters, compulsory deposit of 70% by the promoters in a separate account, functions of the Real Estate Regulatory Authority, establishment of Real Estate Appellate Tribunal and the Punitive Provisions. Thanking FKCCI for taking the initiative to spread awareness among the real estate sector, he said the Department plans to conduct such programmes on RERAActintheDistrictswheretherealestate isthriving. In a unique initiative by the FKCCI, an online webcasting of the programme was made available for viewing both nationally as well as in overseas countries. The link livewebcasting.in/kapilmohan/can be accessed to view the programme highlights. Sri M.C. Dinesh, Immediate Past President, FKCCI took part in the interaction which ended with a vote of thanks by Sri C.R. Janardhana, Vice-President, FKCCI. Avoid Disruption MC Alternate Dispute Resolution (ADR) = Lesser Time for Redressal @ Lower Cost Property developers were in a tizzy about the policy aspects related to the Real Estate Regulatory Authority (RERA) Act 2016 and this had put the real estate sector in a quandary affecting its growth, Sri K. Ravi, President, FKCCI observed, at an Interactive Session with Sri Kapil Mohan, IAS, Principal Secretary, Housing Department, GOK, held at FKCCI on August 16. Acknowledging that the landmark RERA Act 2016 legislation aimed to regulate and streamline the housing activities so as to safeguard the interest of buyers as well as regulate the activities of the promoters/developers, he said there were a lot of grey areas which needed clarification about the nature and kind of compliances that are to be put in An understanding of dispute resolution and conflict management was integral to running any successful business but the ground reality is awareness on this issue is very sketchy. It is with this in mind that the FKCCI decided to organize an interaction on Alternate Dispute Resolution (ADR) extended by the Judiciary Department/High court by Hon’ble Sri Vishwanath V Angadi, Dist. Judge (Retd) at FKCCI on August 11, said Sri K. Ravi, President, FKCCI in his opening remarks and welcome address. He also hoped that such exchange programmes would be held at other Districts in Karnataka for the benefit of the business fraternity. Addressing the participants, Sri Vishwanath V. Angadi, Dist. Judge (Retd) explained that the Alternate Dispute Resolution (ADR) facilitates lesser time for redressal and also the cost involved is very less when compared to civil matters. There are two types of Dispute Resolutionviz.Adjudication;andThirdpartynegotiations through ADR, and similarly there are two kinds of Adjudications viz. Public Forum; and Private Forum. The Arbitrator’s work is discharged by a civil judge and so no fee is payable to the court. In case of Public Forum, the choice of Adjudication was not available, whilesuchchoicewasavailableincaseofPrivateForum. 10 11
MYSORE C MMERCE F K C C I J o u r n a l Issue 09 MYSORE C MMERCE F K C C I J o u r n a l Issue 09 Minimum Wages Hike Hurting Small Industry: President Explaining the differences between a conflict and a dispute, Sri Vishwanath V. Angadi said while a Dispute is taken to court and attended by the arbitrators, a dispute is the product of a Conflict and the end-product of disputes is litigation. On Mediation, he said it denoted third party negotiation out of court. Arbitration and Conciliation wereother ways of tackling the issue. The Mediator is a facilitator and a negotiator, and he explores all sorts of options to find a solution that is agreeable to both the parties. Referring to Lok Adalat, Sri Vishwanath V. Angadi said it was a pre-litigation case and a people’s court which has sittings on every 2nd Saturday. Recovery of Rs. 1 crore or any amount more than Rs 20-30 crore will be charged at Rs 12 lakh only to the Arbitration Centre. As regards Conciliation, he said the conciliator works as adjudicator. This incurs no fees and a solution can be found in about one year and three months maximum. All disputes of contract like: Lease agreement, supplier- customer, cases involving grant of bankers, builders, developers, licensor, licensee are covered under this. The interaction concluded with vote of thanks by Sri C.R. Janardhana, Vice-President, FKCCI. The small entrepreneur is like an unsung hero, a last mile entrepreneur who contributes substantially to the national economy but does not enjoy the luxury of having the support of special interests/identity groups and therefore it was the responsibility of industry bodies to fight unitedly to render justice to the Micro, Small & Medium Scale Enterprises (MSME), Sri K. Ravi, President, FKCCI, declared at an Interaction with Sri Zaheer Basha, Addl. Commissioner of Labour, GoK held at FKCCI Cabinet Hall on August 9. “The Labour Department has to adopt a proactive approach in favour of the MSME sector and be a helping hand rather than a hindrance in getting justice to our small entrepreneurs,” he said. Opening the session, Sri P.C. Rao, Chairman, Labour Laws Committee requested the Chief Guest to throw light on the recent amendments in Labour Laws especially with regard to the stipulation of Minimum Wages and its effect on Trade and Industry. Addressing the participants, Sri Zaheer Basha, Asst. Labour Commissioner, while appreciating the concerns expressed by the FKCCI President, stressed that the Department was giving continuous attention to improving the Ease of Doing Business, listing some of the recent measures and initiatives such as, establishing of e-Karmikas for shops and commercials establishments where applications for the same were to be submitted online; online mode being introduced for registrations and licensing which will be completed by August-end; third party inspections introduced for auditing compliances in Labour Laws, and such other initiatives. Interaction session: Sri Tallam Venkatesh, Past President remarked that the proposed hike in Minimum Wages would result in a MSME entrepreneur incurring 1.4 times more loss, with thehike inminimumwages amounting toalmost 200%. Sri N. Satish, Chairman of Industry Committee pointed out that in countries like Vietnam and Bangladesh the wages to labour was very low and appealed to the Department to consider having a MSME representative on the wage Board of the Government. Sri Allam Burji, MC Member said the notion that it is acceptable for a MSME to suffer while offering better wages to employees was questionable and illogical. Sri Arun Kumar, Past President pointed out how the number of shows presented by a theatre had come down from six to four, even while an operator could manage as many six digital projectors, and averred that the Government was indirectly following “survive or close’ policy. 12 13
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FKCCI - Mysore Commerce Magazine September 2017

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