Revision of Indian Community Welfare Fund Guidelines
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved revision of the Indian Community Welfare Fund (ICWF) guidelines.
ICWF, set up in 2009, is aimed at assisting Overseas Indian nationals in times of distress and emergency in the most deserving cases on a means tested basis. The revised guidelines being made broad-based seek to expand the scope of welfare measures that can be extended through the Fund. The guidelines would cover three key areas namely Assisting Overseas Indian nationals in distress situations, Community Welfare activities and Improvement in Consular services. They are expected to provide Indian Missions and Posts abroad greater flexibility in swiftly addressing to requests for assistance by Overseas Indian nationals.
Apart from assisting Indian nationals in distress abroad, ICWF has been a critical support in emergency evacuation of Indian nationals in conflict zones in Libya, Iraq , Yemen, South Sudan and other challenging situations like assistance extended to undocumented Indian workers in the Kingdom of Saudi Arabia during the Nitaqat drive in 2013 and the ongoing Amnesty drive in 2017.
The scale and speed of these evacuations and assistance rendered through the Fund has been universally appreciated. It has also created a sense of confidence among the migrant workers going overseas about the support they can expect from India during critical times.
ICWF stands extended to all Indian Missions and Posts abroad and is primarily funded by levying service charge on various consular services rendered by Indian Missions and Posts abroad.
PIO to OCI conversion
The Consulate General of India wishes to reiterate that all the PIO card holders are required to convert their PIO cards into OCI cards at the earliest. The deadline for the conversion process has been extended up 31 December 2017.
All members of Indo-Canadian community, still holding PIO cards, are requested to convert their PIOs to OCI at the earliest so as to avoid any complications during their travel to India. The community is further advised that conversion of PIO to OCI cards need not require any extra scrutiny or additional documents except for the photocopies of the Canadian passport and existing PIO card. For further details, please go to Consulate website www.cgitoronto.ca (OCI).
CANADA-INDIA BUSINESS SYMPOSIUM, TORONTO - JUNE 9, 2017
The day-long symposium started at 0900 hrs with the opening session when Shri Arun Srivastava, President of Indo-Canada Chamber of Commerce (ICCC) and Ms. Nadira Hamid, CEO, Indo-Canadian Business Chamber (ICBC) welcomed the gathering and highlighted the historic significance of the Symposium when for the first time in the history of bilateral trade between the two countries, a 138-member, out of the expected 150, business delegation was visiting Canada for the Symposium. An equal number of delegates from the local Canadian business community was also present.
2. After the welcome speeches, the gathering was addressed by H.E. Nadir Patel, Canadian High Commissioner to India, who emphasized the need for concerted efforts from the business communities to complement the efforts being made by both the Governments to enhance the volume of bilateral trades between the two countries. He also highlighted the importance being accorded to trade relations of Canada with India and mentioned about the visits of a number of Canadian Ministers to India including that of Hon. Francois-Philippe Champagne, Minister of International Trade for Canada in March 2017.
3. (a) The Symposium was then addressed by Consul General of India in Toronto Shri Dinesh Bhatia, who, while highlighting the growing economic strength of India mentioned that India today is recognized as one of the most competitive nations in the world, providing a strong talent pool in the areas of science, technology and research, as well as some of the lowest labour costs in the world. He further added that India is poised to become the third-largest economy of the world by 2030 and even before that, amongst the top three manufacturing destinations by 2020. India has emerged as the fastest growing economy in the last 3 years with GDP growth rate of more than 7%. Our FDI is up by 48% as compared to a global decline of 16%. Major FDI policy reforms have been made in a number of sectors, such as defense, construction development, pensions, broadcasting, pharmaceutical and civil aviation.
(b) He also touched upon numerous key initiatives taken by Government of India, like MAKE IN INDIA, a program devised to transform India into a global design and manufacturing hub. START-UP INDIA envisions building a strong eco-system for nurturing innovation and Start-ups in the country. DIGITAL INDIA launched in 2015, with a vision to transform India into a digitally empowered society and knowledge economy.
(c) Regarding India-Canada bilateral relationship he mentioned that India's needs and Canada's capacities complement each other. Despite the potential and the healthy relationship between the two countries, India's share in Canada overall trade is just 0.76%. At the same time, Canada accounts for only 0.93% of India's trading figures. He concluded by stating that the symposium will help set a platform for both countries to identify the strength and bridge the gaps leading to stronger economic relations.
4. Shri Deepak Chopra, President & CEO of Canada Post Corporation, in his key-note address urged the business communities of both the countries to go for long-term business relationship instead of looking for short gains and urged established and big companies to use their best available talent to explore the growing business opportunities in both the countries and to address the local concerns while customizing their products to remain competitive in the global market.
5. The key-note address was followed by a panel discussion on exploring what Canada has done to become an ideal business partner for India. The following panelists participated in the discussion which was moderated by Mr. Goldy Hyder, President and CEO of Hill+Knowlton Canada:
i. Ms. Sandra Pupatello, Director of business and global markets, PWC
ii. Mr. Harinder Takhar, CEO PayTM Labs
iii. Mr. Sriram Iyer, President and CEO, ICICI Bank Canada
iv. Mr. Kerry Adler, CEO, Sky Power Global
6. A broad view held by the panelists was that Canada has to look where the future is, i.e. India and to become proactive to tap the growing opportunities now available in India, especially in areas of defence collaboration, renewable energy, smart cities, aerospace, etc.
7. Another panel discussion took place on the topic 'The New India – a changing business landscape'. The following panelists took part in the deliberations which was moderated by Mr. Jordan Reeves, Consul General of Canada in Mumbai.
i. Mr. Amir Singh Pasrich, Managing Partner, I.L.A. Pasrich & Company
ii. Mr. Carl Rodrigues, CEO, SOTI
iii. Mr. John Farrow, Chairman, LEA Group Holdings
iv. Mr. Harsh Dhingra, Bombardier India
v. Mr. Rakesh Nangia, ICBC President, Partner, Nangia & Co. LLP
8. All the panelists agreed with the opinion that India has now become a red-carpet economy from a red-tape economy. The three-Ds that define India today stand for de-regulation, demographics and digitalization. The panel also deliberated about the new laws and institutions put in place by Government of India for bankruptcy and insolvency as well as IPR and Arbitration. The panelists also referred to the impressive track record of the Government of India in the last few years in implementation of highway projects integrated transport systems and freight corridors.
9. Thereafter, another key-note address was given by His Worship, John Tory, Mayor of Toronto, who compared the volume of trade of India with Canada with that of China with Canada and urged the business community of both the countries to look for ways and means for increasing bilateral trade between the two countries. He also informed the gathering that Toronto is the third largest technology centre and the second largest financial service centre in North America.
10. A brief remark was then made by Hon'ble Michael Chan, Minister for International Trade, which was followed by an address of Hon'ble Francois-Philippe Champagne, Minister of International Trade for Canada, who emphasized the need of getting people of both the countries involved in supplementing the efforts being made by leaders of both the countries in improving bilateral ties as well as trade and commerce between the two countries. He was of the view that although India is Canada's 8th largest trading partner, a lot needs to be done to increase the volume of trade between the two countries. At the same time, he mentioned about the various opportunities available in Canada for Indian investors. He also informed the gathering that India and Canada are "close" to concluding the long-pending bilateral Foreign Investment Promotion and Protection Agreement (FIPPA).
11. This was followed by another panel discussion on the topic of 'Innovation driving two-way trade growth'. The following panelists took part in the deliberations which was moderated by Ms. Nathalie Bechamp,Director General of Investment and Innovation, Global Affairs,
i. Mr. Ashish Chauhan, CEO, Bombay Stock Exchange
ii. Ms. Ilse Treurnicht, CEO, MaRS Discovery District
iii. Mr. David Lisk, VP, National Research Council
iv. Mr. Sunnet Tuli, CEO, Data Wind
v. Mr. Sankar Das Gupta, CEO, Electrovaya
12. The panel deliberated on the need for business communities of both the countries to attract the right talent and to lay more emphasis on small and medium enterprises (SMEs) to drive the growth of bilateral trade between the two countries. The panel discussed some of the areas of focus like agriculture, clean health, infrastructure to tap the growing opportunities in India.
13. (a) The closing remarks were given by High Commissioner of India to Canada Shri Vikas Swarup, who started with the question, “Why India” and spelt out his answer in the form of “The Remedy” where, R stands for Rule of Law, E for Largest English speaking workforce in the world, M for Market of more than 750 million people, E for Educated Work Force with second largest pool of scientists and engineers in the world with 800,000 engineers graduating from technical institutions across the country, D for Dependable as Indians are the best learners and the most innovative and Y for a young, adaptable work force with more than 50 per cent of India’s population (i.e more than 550 million people) are below the age of 25.
(b) He also elaborated on the various measures taken by the Government of India for ease of doing business in India. He urged the Indian delegates to grab the opportunity for identifying the right partners for further enhancing the bilateral relations between the two countries.
14. The event was a huge success given the scale of participation from both India as well as Canada and high level of participation from the Governments of both the countries. It was clearly a manifestation of the recognition being accorded by Canada to India as a trading partner.
A Book Launch ceremony was held at the Consulate General of India, Toronto on 2 May 2017. The Consul General of India, Shri Dinesh Bhatia released the book ‘Ootamini Ageekarinchanu’ (Oota-mini Agee-karin-chanu), Telugu translationby Prof. Lakshmi Prasad Yarlagadda of the book" Haar Nahin Manunga: Ek Atal Jeevan Gatha". Haar Nahin Manunga is a biography of India’s former Prime Minister Atal Bihari Vajpayee written by Vijai Trivedi.
Around 100 enthusiasts from different walks of life attended the ceremony. The Consul General while addressing the guests reiterated the importance of languages and thanked scholars and writers for helping mend the difference by translating the works in native languages and help in exchange of perspective and ideas. Shri Dinesh Bhatia also thanked Prof. Yaralagadda for his significant contribution to expanding the horizons of the literary domains of Hindi and Telugu, through meaningful and well received translations and original works in both the languages.
In this speech, Mr. Lakshmi Prasad Yaralagadda stated that the barriers of region and language could be overcome through exchange of ideas and understanding of different perspectives, rooted in diverse socio-cultural settings. He also stressed the need to translate books into other language in order to have wider reach. Prof. Lakshmi Prasad is the recipient of PADMA SRI in the year 2003 and PADMABHUSHAN in 2016 for his contributions to the domain of literature which inspired him even more to strive for expanding literary horizons in the cause of the Nation.
Prof. Yaralagadda is one of the pioneers in facilitating wider interaction through his relentless efforts for translating acclaimed literary works of Hindi and Telugu, the largest spoken languages of our country, into each other. He also did a stint with the Consulate General of India, Toronto as Director Indian Cultural Centre.
3 May 2017
Aadhaar for PAN Applications & Filing Return of Income
Section 139AA of the Income-tax Act 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhar/Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number (PAN) with effect from 1st July 2017.
It is hereby informed that such mandatory quoting of Aadhaar or Enrolment ID shall apply only to a person who is eligible to obtain Aadhaar number. As per the Aadhaar Act 2016, only a resident individual is entitled to obtain Aadhaar. Resident as per the said Act means an individual who has resided in India for a period or periods amounting to 182 days or more in the 12 months immediately preceding the date of application for enrolment. Accordingly the requirement to quote Aadhaar as per section 139 AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act 2016.
April 11, 2017