Ex-McKinsey India chief Adil Zainulbhai to head Quality Council of India

PTI Sep 17, 2014, 12.40PM IST

Prime Minister Narendra Modi has appointedformer McKinsey India Chairman Adil Zainulbhai as the Chairman of Quality Council of India (QCI).

An autonomous body under the Department of Industrial Policy and Promotion, QCI is a joint creation by Indian industry to operate the National Accreditation Structure for conformity assessment bodies and provide accreditation in the field of education, health and quality promotion.

It runs its accreditation programmes through two boards. The National Accreditation Board for Education & Training runs accreditation of schools, while the National Accreditation Board for Hospitals and Healthcare Providers runs accreditation of hospitals, nursing homes, blood banks, and primary health centres based on respective accreditation standards.

“I am pleased to inform you that Prime Minister has approved your appointment as chairman of QCI for a period of three years from the date of your assumption of charge,” a September 15 letter to Zainulbhai from the Ministry of Commerce and Industry stated.

A former McKinsey India chairman, over the last 10 years Zainulbhai has advised corporate leaderships of major companies in India and abroad.

“It is a privilege to give back via an institution with a strong focus on quality,” he said. “I hope to bring in and promote a quality consciousness throughout the country. It’s going to be an enriching and exciting journey.”

Zainulbhai’s span of work includes catalysing Indian companies to become successful globally, helping public sector undertakings become more efficient and effective, and working with MNCs to enter India and build profitable, large and innovative businesses.

Co-editor of ‘Reimagining India’ that features 60 global businessmen, academicians, economists, authors and journalists, he has also worked with several parts of the government and led efforts around urbanisation, inclusive growth and energy.

He serves on the boards of Reliance Industries, the American India Foundation, Saifee Hospital, Saifee Burhani Upliftment Trust (redeveloping Bhendi Bazaar in Mumbai), Network 18, and the advisory board of Indian Institute of Technology, Bombay.

Formed in 1997, QCI is represented by Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry and Associated Chambers of Commerce and Industry.

QCI has also been tasked with monitoring and administering the National Quality Campaign. Under this, it propagates concepts of quality and best practices among suppliers of products and services, even as it empowers consumers to demand quality through awareness programmes, conduct of surveys, publications, media campaigns and specialised training courses.

Source : http://articles.economictimes.indiatimes.com/2014-09-17/news/54024721_1_qci-national-accreditation-board-indian-institute

 

CSR Defaulters likely to be Penalised under New Clause

September 18, 2014
The Narendra Modi-led government will not let companies get away easily if they do not spend the mandated 2% of their profits on Corporate Social Responsibility (CSR) activities as specified by law.
The government is planning to add more teeth to the Companies Act 2013 by introducing the penalty clause for companies that miss this target spending repeatedly. At present, non-compliance of CSR rule isn’t penalized by the Companies Law, and those unable to spend the stipulated amount can get away with some justification.
“Under the current law, there’s no mandatory obligation on the company, but a responsibility is cast upon the board members. In case companies repeatedly fail to do so for two or more years, they should be penalized. We can’t leave any grey areas in law,” a senior government official told ET. Under the Companies Act 2013, a company must spend 2% of its average net profit in the preceding three years on CSR if it has a turnover of Rs. 1,000 crore or more, or net worth of Rs. 500 crore or more, or net profit of Rs. 5 crore or more.
The new law, which came into effect on April 1, 2014, says if a company isn’t able to give a satisfactory explanation about not spending on CSR activities, the corporate affairs ministry, at most, can question the roles and responsibility of its directors, but can’t act beyond that. “The quantum of penalty in case of non-compliance hasn’t been worked out,“ the official added.
However, the industry and corporate lawyers are critical of the government’s proposal of penalising in case of repeated non-compliance. “A better proposition would be to provide tax incentives to corporates, effectively complying with the CSR obligations,“ a senior executive of a multinational told ET.
Around 14,000 companies are expected to spend about Rs 15,000 crore on various social projects under the mandatory CSR spending.
The government has provided a list of activities that qualify as CSR, which include measures to eradicate hunger, promote education and rural sports, protection of heritage, and environmental sustainability.
The companies which fail to spend the entire 2% on CSR activities can also transfer the remaining amount to the Prime Minister’s relief fund.
“The government expects companies to abide by the spirit of the legislation, which is currently enacted on the principle of ‘comply or explain’, and does not have any penal provisions.
If the compliance levels are seen to be low, the corporate affairs ministry would consider introduction of penalties,” said Sai Venkateshwaran, Partner and Head Accounting Advisory Services, KPMG in India. – http://www.economictimes.indiatimes.com

Source : http://www.taxmann.com/topstories/222330000000003792/csr-defaulters-likely-to-be-penalised-under-new-clause.aspx

 

Techmed presents State Level Talent Search for Life Sciences Award 2014

Techmed wishes to introduce themselves , as a trend setter and a fore runner in the field of Healthcare Industry since 2008, for its Hospital Lab Management (HLM) services. They have their wings spread across Tamilnadu, Karnataka and Orissa, with 50 centers, 15 cities.

As a CSR activity , they extend their  services to the academic arena. They propose to hold a “State Level Talent Search –TECHMED QUEST to promote the scope of life sciences, to inspire and recognize the students of the field.

This event is being organized strictly as an educational activity in the interest of student folk of the Life Sciences to enrich, update and equip themselves with advanced Skills & Knowledge and Training. Techmed provides assistance to students by way of Internships, Training & Projects etc. This is a great opportunity for the students from various sections to exhibit their talent and win Scholarships to pursue their education.

The objective of this program is to create awareness on the scope of the field and create a career path for their bright future.

The event is proposed to be held at state level on 12th October (prelims) and Finals and the Award function on 18th October’14.

Around 800 hospitals and 5000 students from 200 Colleges across the state are invited to participate in this forum.

Please click on the following links for more information on the program :

Program Poster 

Program Details

 

PF Authorities targeting Healthcare Establishments

The Employees Provident Fund Organisation has recently in a cirucular dated 1st August 2014 has proposed to increasea the limit of Coverage for PF from the existing Rs.6500/- Limit to Rs.15000/-. The circular has notified the area enforcement officers to list out visible establishments like Hospitals, Diagnostic Centres, Maternity Centres, Hotels, Restaurants, Schools, Workshops, Showrooms of Branded Companies etc., and submit a report to the Regional Provident Fund Commissioners.

In view of the notification, Companies operating in these domains have to be ready and carry out preparatory activities to bring employees under above mentioned ceiling to be covered under Provident Fund.

For More Details download the Notification Here – PF Notification

INTERNATIONAL WORKSHOP ON ADVANCING FRONTIERS OF PAEDIATRIC CARDIAC SCIENCES

Dear Friends,

We are glad to inform you that Frontier Lifeline Hospital & Dr.K.M.Cherian Heart Foundation, in collaboration with University of Minnesota, Minneapolis, University of Hanover, Germany and University of Zurich, Switzerland is organizing an International workshop on “ADVANCING FRONTIERS OF PAEDIATRIC CARDIAC SCIENCES” on the 14th & 15th July 2014.

The highlight of the program will be “WETLAB WITH IMPLANTATION TECHNIQUES FOR HEARTWARE VENTRICULAR ASSIST DEVICES” by Prof. Michael Hubler, Zurich.

PROGRAM DETAILS

Date: 14th & 15th July 2014

Time: 8 AM to 5.30 PM

Venue: FRONTIER MEDIVILLE, Elavur, Edur Village, Gummidipoondi

Registration Fee: Rs.2500/-

Please Click on the link for Program Brochure International Workshop – Frontier

For Registrations Contact:

Dr.T.M.Rao

Medical Superintendent

Ph: 9940363388

Desk Enquiries:

Ms.Cheryl / Ms.Priya Kumar

Ph: 044 42017575 Extn: 201 / 291

Notification relating to Companies(Cost Records and Audit) Rules

Source : http://taxguru.in/company-law/notification-relating-companiescost-records-audit-rules.html#sthash.Tsxh2PTd.dpuf

June 30, 2014

The Ministry has issued notification relating to the Companies (Cost Records and Audit) Rules, 2014 under section 148 of the Companies Act, 2013. The last date for filing application for appointment of cost auditor under earlier rules was 30th June, 2014. Keeping this in view the new rules have been notified today. These rules supersede eight sets of rules notified under the Companies Act, 1956. The new rules specify four classes of companies which shall be required to maintain cost records and who will be subject to cost audit. Relevant e-Forms would be made available on the MCA portal shortly.

The Notification is available on the Ministry’s website at  – http://www.mca.gov.in

Also the notification can be downloaded from here

cost audit rules – 30-06-2014

 

 

 

 

 

 

Corporate Affairs Ministry Tweaks Cost Audit Norms

June 30,2014

New Delhi:

The government on Monday said only a certain class of companies, including those producing defence equipment, would be subject to cost audit.

Companies engaged in activities that involve public interest and those into making certain kinds of medical devices would also be covered under the new rules.

The Corporate Affairs Ministry, which is implementing the new companies law, has made changes to cost audit rules.

In a late evening press release, the ministry said the new rules would supersede those notified under the Companies Act, 1956.

“The new rules  specify four classes of companies which shall be required to maintain cost records and who will be subject to cost audit,” it said.

The latest notification pertains to Companies (Cost Records and Audit) Rules, 2014 under section 148 of the Companies Act, 2013.

According to the ministry, the companies engaged in the production of goods in strategic sectors such as machinery and mechanical appliances used in defence, space and atomic energy sectors excluding any ancillary items would have to carry out cost audits.

Entities engaged in manufacturing of arms and ammunitions would also come under this ambit.

Besides, entities engaged in an industry regulated by a sectoral regulator or a ministry or department of the central government would be covered under cost audit rules. These include aeronautical services of air traffic management, roads and other infrastructure projects, drugs and pharmaceuticals, sugar and industrial alcohol, and fertilisers.

Companies operating in areas involving public interest such as railways and firms that are into production, import and supply or trading of certain medical devices would also have to maintain cost records.

“…in the case of a company engaged in multiple products, any product or device for which the individual turnover (from such specific product or device) is Rs. 10 crore or more, or one third of the turnover, whichever is less” would be covered, as per the ministry’s notification.

With regard to companies that are into one specific product or device, the cost audit rules would be applicable if the entity has net worth of Rs. 150 crore or more or the turnover is Rs. 25 crore or more.

Source : NDTV Profit – http://profit.ndtv.com/news/industries/article-corporate-affairs-ministry-tweaks-cost-audit-norms-574353

 

"Acquiring Patients through Medical Tourism" – Value Factor Session 7

Introduction

Value Added Corporate Services and X Factor Innovations are back with Value Factor – Session 7.  This is the next session of Healthcare Marketing Series. This session of Value Factor revolves around the topic of  ’Acquisition Of Patients Through Medical Tourism’

As you all know Value Factor is a joint knowledge sharing initiative by Value Added Corporate Services & X Factor Innovations.  It is a series of events where all verticals and related areas of Healthcare Marketing is discussed.  

Details 

Topic : ‘Acquisition Of Patients Through Medical Tourism’

Exclusive Demo on “Healthcare CRM” – A Powerful Tool for Healthcare Marketers

Event Details

Date : Friday, 27th June 2014

Time : 3.30 pm to 6 pm followed by Hi-Tea

Venue : 

“Andhra Chamber of Commerce”
Velagapudi Ramakrishna Building,
New No.23, Third Cross Street, P.B.No.3368,
Nandanam, Chennai 600035

Google Maps Link: http://goo.gl/maps/1jN1K

Registration

Click Here to register.  There is no participation fee.

For further queries, please contact

Satish Kumar : satish@valueadded.in | +919840842530
Chitra Baskar : info@xfactorindia.com | +919840829042

Value Added Office : +914424462337

CSR rules should be interpreted liberally, says government

New Delhi: In its latest clarification on the new companies law, the corporate affairs ministry said on Thursday that rules regarding corporate social responsibility should be “interpreted liberally so as to capture the essence of the subjects enumerated” in the norms.
The ministry has further clarified that one-off events such as marathons, awards, charitable contribution, advertisement, sponsorships of TV programmes, etc., will not qualify as part of CSR expenditure.
The expenses incurred to fulfil any regulation will also not be counted as CSR expenditure, nor would the salaries paid by the companies to regular CSR staff as well as to volunteers, the ministry said.
“The expenditure incurred by foreign holding company for CSR activities in India will qualify as CSR spend of the Indian subsidiary if, the CSR expenditures are routed through Indian subsidiaries and if the Indian subsidiary is required to do so as per section 135 of the Act,” the ministry said in the order posted on its website.
The ministry has said that contribution to a corpus of a trust or society would qualify as CSR expenditure as long as such an entity is “created exclusively for undertaking CSR activities”, or “where the corpus is created exclusively for a purpose directly relatable” to the subjects covered within Schedule VII of the companies law, which deals with corporate social responsibility.
A registered trust, in this case, says the ministry, “would include trusts registered under the Income Tax Act 1956, for those states where registration of trust is not mandatory.”
Amarjit Chopra, a former president of Institute of Chartered Accountants of India (ICAI), said that the government has sought to liberalize the activities that companies can undertake to fulfil their CSR obligations.
“Put simply, they have told the companies that they can take some liberties and go outside the scope of the activities prescribed under the Act,” he said.
Pavan Kumar Vijay, managing director at New Delhi-based financial and legal consultancy, Corporate Professionals India Pvt. Ltd, while agreeing with Chopra’s view, said one major change brought about by the order is the inclusion of the so-called “consumer-protection services” under the ambit of corporate social responsibility.
“Representations were made by several sections of the industry on this, and the government has accepted this view,” he said.
The various “consumer-protection services” include provision of an effective consumer grievance redressal mechanism, protection of the consumer’s health and safety, sustainable consumption, consumer service, support and complaint resolution.
The new companies law mandates companies with a net worth of more than Rs.500 crore or a revenue of more than Rs.1,000 crore or a net profit of more than Rs.5 crore to spend 2% of their average net profit over the three preceding years on CSR activities.
While non-compliance will not be penalized, companies will be required to disclose the reasons for this, effectively making such spending mandatory.
The clause relating to CSR was a key provision in the long-pending legislation to overhaul the outdated companies law of 1956.

Conference on Healthcare Branding, Marketing & Profitability

HEALTHCARE BRANDING, MARKETING & PROFITABILITY

Sat, 19th July 2014, Chennai

AMEN, India’s leading Healthcare Management Event Organizers, in association with Value Added Corporate Services, Chennai present a 1 Day Conference and Knowledge Forum on HEALTHCARE BRANDING, MARKETING & PROFITABILITY on Saturday, the 19th of July 2014 at Chennai. Some of the finest speakers across the country will talk about ways of increasing profitability through effective Brand Strategy, Advertising, Social Media Marketing, Medical Tourism etc.

As consumers become more engaging in their Hospital & Healthcare decisions, Entrepreneurs should take banding as top priority. Until recently, Hospitals never felt the need to advertise their services .. but fierce competition has forced them to brand and market their services to retain even their local consumers.  With increased attention of the consumers to their healthcare options and services, a positive brand recognition has become increasingly critical. In order to develop a strong brand, hospitals must gauge the likes and dislikes of its consumers as great hospital brand appeals to those that connects with its people. Therefore as competition increases, hospitals and healthcare organizations need the right mix of Branding and Marketing that will definitely impact their Profitability.

  • Organized by : AMEN
  • In association with : Value Added Corporate Services
  • Media Partners
    • Healthcare Executive
    • Healthbiz India
    • Medgate Today
    • eHealth
  • Internet Partner : Medicards
  • Electronic Media Partner : Care World TV

TOPICS & DISCUSSION

  • Hospital & Healthcare Branding and Advertising.
  • Current Trends, Issues and Future Challenges in Hospital Marketing
  • Effectively Positioning & Re-positioning your Brand.
  • Dos and Dont’s in Positioning your Brand
  • International Marketing Strategies
  • Innovative Techniques for Medical Tourism.
  • Social Media Marketing for Healthcare.
  • Make the best out of Facebook, LinkedIn, and Twitter in Marketing your service.
  • Selling strategically to enhance Profitability.
  • CRM (Customer Relationship Management) in Healthcare and its impact on Profitability
  • Internal Marketing and achieving Customer Delight.

LIST OF CONFIRMED SPEAKERS WILL BE SHARED AFTER JUNE 20th 2014. HOWEVER, REGISTRATION IS OPEN !!

OTHER FEATURES

  • An interactive PANEL DISCUSSION on Legal issues & Ethics in today’s Healthcare Marketing processes
  • Case Studies and practical examples shared by Stalwarts from the Industry
  • An innovative Networking opportunity for all Participants.
  • Delegates include Members and Key Decision makers from Top Management of Hospitals and Healthcare Organizations
  • Organized by one of India’s leading Healthcare Management Event Organizers

REGISTRATION 

CLICK HER FOR Registration_Form

  • DELEGATES
    • Individual Delegate : Rs. 5000 per head
    • Group (3+) from one organization : Rs. 3500 per head
  • STUDENTS
    • Individual Student : Rs. 2500 per head
    • Group (5+) from one Institute : Rs. 2000 per head
  • FOREIGN NATIONAL
    • $ 150 (USD) per head

SPECIAL DISCOUNT (Early Bird) FOR DELEGATES REGISTERING BEFORE 20th June 2014

Registration FEE includes :

  • Conference – Full Day
  • Lunch and High Tea
  • Knowledge Material : Presentations of the Speakers *
  • Conference Kit including Folder, Pad, Pen and other necessary accessories
  • Participation Certificate
  • Photographs of the Conference

subject to acceptance by the speaker

HOW TO REGISTER

OPTION I : COURIER

Courier a DD drawn in favour of “AMEN Business Solutions” payable at Bangalore along with duly filled Registration Form to the address mentioned below :

AMEN
No. 233, 6th Main, Rajeevgandhi Nagar, Near Lourdes School,
Nandini layout, Bengaluru – 560096,
Karnataka State, India. 

Ph : 09742439404 / 09035189825


Once Registration Form along with the respective DD is received, our Executive would call / Email you and furnish the required details and confirm Registration…

OPTION II : (ONLINE MONEY TRANSFER) :

Carry out an Online Money transfer / RTGS to the following Account :

Account Name : AMEN Business Solutions
Account Type : Current Account
Account Number : 1145201001640
Bank : Canara Bank
Branch : Rajajinagar 1st Block, Bangalore
IFSC Code : CNRB0001145
Swift Code of Foreign Dept. Bangalore : CNRBINBBLFD

Note : In case of RTGS / NEFT (Online Money Transfer), Registration form can be scanned and sent by Email

PLEASE NOTE (Important)

  • Registration Fee is Non-refundable or Non-transferable against any other event. However change in Delegate / Student is possible
  • Students are requested to send /produce a photocopy of their college IDs along with the Registration Form and Fee. Only Students pursuing FULL TIME course are valid for Student Fee.
  • You would receive confirmation of Registration by Email.
  • Physical Receipts and Certificates would be handed over to you on the day of the event
  • Organizers would not be responsible for cancellation / postponement of the Event due to any kind of Natural / Man-made Disaster or unfavorable situation / incident.
  • 15 Minutes of the Conference would be dedicated to Sponsors (if any)

WHO SHOULD ATTEND

  • Hospital & Healthcare Promoters
  • CEOs and Managing Directors
  • Hospital Administrators and Managers
  • Healthcare Branding and Marketing Professionals & Consultants
  • Healthcare Entrepreneurs
  • Healthcare Management Consultants
  • Healthcare Management Students

VENUE

Hotel Ramada
Gandhi Irwin Bridge Road,
Next to CMDA Building, Ansari Estate, Egmore,
Chennai, Tamil Nadu 600008

 

CONTACT

Sajitha Nair

Manager Operations – Events

AMEN

Ph: +91 9742439404

Email: sajitha@amenbs.com