Growth-oriented inclusive budGet & socially

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Growth-oriented inclusive budGet & socially
Vol No.48, Issue No.3
                                               March 2021
                                               This Issue is of 92 Pages
                                               Single Copy Price Rs.90

       Growth-oriented
          & socially
       inclusive budget
Finance Minister Mrs Nirmala Sitharaman
     today gave a booster dose to the
 economy through six pillars of mega rise
   in capital expenditure on healthcare,
  physical infrastructure without putting
     much pressure on the taxpayers.

                       Mr Vineet Agarwal
                          ASSOCHAM President
Growth-oriented inclusive budGet & socially
C e l e b r a t i n g 1 0 0 Ye a r s

he

wn to impart best education through
 y like Nalanda attracting students
gain the position of best educational
 ducation system must undergo a
t to train and develop the emerging
  rkforce to be globally at par. We
ent initiatives to establish integrated
universities and institutions by
private players to be at the forefront.
will induce better infrastructure and
 grade the quality of education and
 r programs.

as announced proactive initiatives
 rne fair results with India’s ranking
ve steps in the Worldwide Educating
e Index (WEFFI) 2019 in teaching
 ls for future. Also, as per the report
  The Economist Intelligence Unit,
 5th on the overall index in 2019 with
53, based on three categories – policy
 teaching environment and overall
 c environment. The report informs
  are ranked based on their abilities
 nts with skill-based education. The
 em is analysed from the perspective
education with specific parameters
nking, problem-solving, leadership,
  creativity and entrepreneurship,
hnical skill-set.

 a also became the second largest
arning with around 9.5 million users.
 he year 2021, the sector is expected
.96 billion. The government too has
 ns to move ahead in this direction
 ing a fiscal stimulus of Rs 99,300

                        ASSOCHAM Bulletin                      3

                      22           Vol. No. 44
                                   Vol. No.  45• Issue
                                                  IssueNo.
                                                        No.1204• December
                                                                 April 20202019
                                                                   n   n
Growth-oriented inclusive budGet & socially
The budget was designed to keep an
eye on economic recovery
There is the awareness that spending on
quality infrastructure, is establishing a way for
a rapid economic recovery towards achieving
double-digit growth in 2021-22. Further, with
the announcement on the PM Gram Sadak
Yojana with an allocation of Rs 19,500 crores,
the government hopes to achieve a significant
boost to the rural economy.

T
        he first budget post the COVID lockdown was a one of its kind
        budget in many ways. Every rupee spent or announced in the
        finance bill was expected to have a multiplier or a cascading
effect to kick start several sectors.

As an industry body, ASSOCHAM sees this budget as a culmination
of their recommendations and suggestions to propel the industry
forward in the path of recovery.

The central government has been making a very sincere effort and
must be applauded for their measures since the lockdown was
announced almost a year ago. Though these measures helped
several businesses survive, it certainly had a very strenuous pressure
on the government finances. Despite all this, the finance minister,
Smt Nirmala Sitharaman must be lauded for doing her best for
both increasing the infrastructure spending and ensuring enough
measures to take care of the health of the common man in this year’s
budget. One of the biggest reliefs for the common man was not
increasing the taxes in any manner.

Sectors like infrastructure, healthcare, agriculture, defense, and

                                                                         ASSOCHAM Bulletin   3
Growth-oriented inclusive budGet & socially
Sectors like                                 education have seen an increase in the budgetary allocation. These sectors are
                                             much critical in nature and by focussing the attention on these sectors reflects
infrastructure,                              the government’s objective of spearheading towards a $ 5trillion economy.

healthcare,                                  The government also set up the roadmap to increase the healthcare reach
agriculture, defense,                        to the block and district level of India with the blueprint for research in
                                             preventive vaccination. The announcement of the launch of the PM’s
and education have                           Atmanirbhar Swastha Bharat Yojana will also, give a boost to India’s
seen an increase                             healthcare system. The honorable finance minister has also tried to make
                                             underperforming public sector companies more competitive and at the same
in the budgetary                             time induce asset monetization by announcing their disinvestment plans.
allocation. These                            We believe that to compete with countries like China, India needs to make
sectors are much                             its manufacturing sector more competitive by lowering its cost of operation.

critical in nature                           That is what the government has tried to do in this budget. This year, there
                                             is an increased focus on infrastructure projects like highways, getting better
and by focussing the                         connectivity to ports through roads and rail for reducing the cost of logistics.

attention on these                           There is the awareness that spending on quality infrastructure, is establishing
sectors reflects                             a way for a rapid economic recovery towards achieving double-digit growth
                                             in 2021-22. Further, with the announcement on the PM Gram Sadak Yojana
the government’s                             with an allocation of Rs 19,500 crores, the government hopes to achieve a

objective of                                 significant boost to the rural economy.

spearheading                                 In this year’s budget, the government has set the tone for the country to
                                             become self-reliant or truly Aatmanirbhar.
towards a $ 5trillion
economy.
                                                                                                           Vineet Agarwal
                                                                                                   President, Assocham

4   Vol. No. 48 • Issue No. 3 • March 2021
Growth-oriented inclusive budGet & socially
A roadmap towards economic
                    recovery and growth

                    T
                            his year’s Union Budget was among the most awaited ones, as the country
                            awaited a roadmap towards economic recovery and growth post the COVID-19
                            pandemic. Though the Central Government and the Reserve Bank of India have
                    been making several proactive efforts since the lockdown was introduced, the industry
                    expected the Government to continue these efforts in the Union Budget. We all looked
                    forward to steps to induce demand in the economy, which would have a multiplier
                    effect on several sectors.
The privatization   The Central Government soothed all fears by introducing a well-balanced budget,
of seven ports      where the Government struck a fine equilibrium on spending for setting up several
                    infrastructure projects in the country and at the same time taking steps to ensure the
worth Rs 2,000      health and well-being of the people of India.
crore through       The Finance Minister spoke of raising additional resources for infrastructure projects by
                    announcing National Monetization Pipeline and Development Finance Institution to
the PPP model       fund these long-term projects. The capital expenditure has been significantly increased
was intended to     to Rs 5.54 lakh crores with a higher allocation for infrastructure projects in the Union
                    Budget 2021-22. Simultaneously, the Government also took steps to set up a robust
introduce further   health infrastructure in the country by upping the budget on healthcare spending by 137

transparency and    per cent to around Rs 2.23 lakh crores. The Central Government also made a provision
                    of Rs 35,000 crores for procuring the COVID vaccine.
create additional   The privatization of seven ports worth Rs 2,000 crores through the PPP model was
job opportunities   intended to introduce further transparency and create additional job opportunities by
                    making the decision-making process autonomous.
by making           Several more announcements in the budget would have a multiplier effect on the
the decision-       economy. Opening up the insurance sector further by increasing the foreign direct
                    investment limit in the insurance sector from 49 per cent to 74 per cent would help
making process      attract more investments.

autonomous.         Secondly, the announcement to set up seven textile parks over the next three years
                    under the Mega Investment Textiles Parks (MITRA) scheme would significantly boost
                    the domestic textile industry. India’s textile sector is also expected to double to $300
                    billion through such initiatives over the next five years. In terms of size, India is the
                    second-largest textile manufacturer globally after China. With budgetary impetus and
                    initiatives such as Make in India, the country aims to become a global manufacturing
                    hub of textile goods.
                    We believe that the budgetary measures will lead the Indian economy into a new
                    trajectory of growth and will ensure that the country is on track to realise its vision of
                    becoming a US$5 trillion economy..
                                                                                                Deepak Sood,
                                                                            Secretary General, ASSOCHAM

                                                                                       ASSOCHAM Bulletin   5
Growth-oriented inclusive budGet & socially
Budget for New India
     The budget has received an overall thumbs-up and is definitely a growth-
     oriented and in many ways socially inclusive. There is clarity of thought
     and commitment to consistency displayed by the budget, which has
     boosted investors’ confidence and is reflected in the stock markets.

Mr Rahul Garg, Chairman, National Council on Direct Taxes, ASSOCHAM is briefing about the session in Inaugural session.

O
         ur focus has been to provide              consistency, and efficiency that a                  any mismatches and it should not
         maximum ease and                          taxpayer is entitled to. When we                    be taken as a case of compliance
         transparency to taxpayers,                say we want to make the structure                   burden.”
and we continue to embark on that                  as much transparent as possible we
journey from faceless tax assessments              really mean it. We want to provide                   Hailing the budget presented by the
and appeals to new provision of                    as much ease and transparency that                  government the CBDT chairman said
faceless hearings at the tribunal, said            an honest taxpayer is entitled to. I                this gives a clear roadmap for the
Shri PC Mody, Chairman, Central                    must also add here that the persons                 future. “It’s really a landmark budget
Board of Direct Taxes (CBDT) while                 trying to take advantage of the                     in more ways than one.”
talking about the thought process                  system will also be taken care of. Pre-
that went in drafting Budget 2021                  filling the returns is for the benefit of           Mr. Vineet Agarwal, President,
at the ASSOCHAM’s Post-Budget                      the taxpayers so that they are able to              ASSOCHAM, said, “On my behalf
Conference to analyse tax related                  discharge their tax obligations in a                and on behalf of ASSOCHAM, I
proposals.                                         fair and proper manner. Provisions                  would like to congratulate the Finance
                                                   of TDS and TCS are aimed at this.                   ministry and other ministries that
“This will add to the transparency,                This way we want to minimize                        had worked hard to deliver a truly

 6    Vol. No. 48 • Issue No. 3 • March 2021
Growth-oriented inclusive budGet & socially
Industry-Media Interaction on Union Budget 2020-21

unique budget this time. The budget        Mr Rahul Garg, Chairman, National        Budget. In its interactive discussion
has received an overall thumbs-up          Council on Direct Taxes, ASSOCHAM        with Mr. Kamlesh Varshney, Joint
and is definitely a growth-oriented        welcomes the finance bill proposal       Secretary, TPL – 1, CBDT rationale of
and in many ways a socially inclusive      which has no additional taxes,           various path redeeming budgetary
one. There is clarity of thought and       surcharge or cess. It also welcomes      tax provisions got clarified including
commitment to consistency displayed        the new dispute resolution scheme        amendments related to TDS/ TCS
by the budget which has boosted            and hope that it would be extended       on purchase of Goods, Equalization
investors’ confidence and is reflected     to all taxpayers sooner. Proposals       levy, Faceless ITAT etc. There was
in the stock markets. The emphasis         for reduced time limit for completion    threadbare discussion in the panel
laid on building key infrastructure is a   and reopening of assessments are         discussion on other Budgetary
timely move and will have a positive       also welcome. Given that many            proposals also with panellists
impact on generating employment,           taxpayers have chosen VSV to settle      including Mr. Vineet Agrawal, Co-
increase income, creation of demand,       their dispute, but many more have        Chairman, National Council on Direct
reduced cost of logistics, and further     not yet been able to take decision due   Taxes, ASSOCHAM and Mr. Amit
contribute to ease of doing business       to pandemic. It is suggested that the    Rana, Partner, PwC.
and raised the standard of life.           scheme may be extended till 31 March
ASSOCHAM has been asking for a             2022 with a cut-off date of September    ASSOCHAM’s Post-Budget
DFI for the past couple of years and       2021.                                    Conference was held to bring
we are happy that the government                                                    greater awareness about the new tax
has announced the Development              Mr. Rakesh Nangia, Co-chairman,          proposals and policy initiatives in
Financial institution, this will greatly   National Council on International        the Union Budget 2021-2022 and to
strengthen development financing in        Taxes, ASSOCHAM complimented             provide clarifications across the table
the country.”                              the Government in its path breaking      to all stakeholders.

                                                                                                    ASSOCHAM Bulletin   7
Growth-oriented inclusive budGet & socially
(L-R) Mr Demeke Mekonnen, Deputy Prime Minister and Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia; ASSOCHAM Secretary
General, Mr Deepak Sood; Mr V. Muraleedharan, MoS for External Affairs, Govt of India and ASSOCHAM President, Mr Vineet Agarwal seen on the occasion
of India-Ethiopia Business Forum.

Significant scope to diversify
India-Ethiopia trade
     Ethiopia, the second-most populous African                                                      The prestigious event organised
                                                                                                     in the honour of Mr Demeke
     country, has been posting a double-digit
                                                                                                     Mekonnen, Deputy Prime Minister
     growth rate for over 15 years together                                                          (PM) and Minister of Foreign Affairs
     with its highly-educated, skilled populace                                                      of the Federal Democratic Republic
     and sound economic policies makes it an                                                         of Ethiopia was the first physical
     attractive investment destination for Indian                                                    high-level interaction organised by
                                                                                                     ASSOCHAM after the outbreak of
     entrepreneurs.                                                                                  COVID-19 pandemic.

E
        ven as trade and economic                 "I invite Indian entrepreneurs to                  He said that economy of Ethiopia,
        relations between India and               consider establishing high-quality                 the second-most populous African
        Ethiopia are booming, there               educational institutions, of both                  country which has been posting a
is still huge scope to expand and                 technical and non-technical nature,                double-digit growth rate for over
diversify trade between the two                   in Ethiopia," said Mr Muraleedharan                15 years together with its highly-
countries, said Mr V. Muraleedharan,              addressing an India-Ethiopia                       educated, skilled populace and
Minister of State for External Affairs            Business Forum organised by The                    sound economic policies makes it an
said at an ASSOCHAM event held in                 Associated Chambers of Commerce                    attractive investment destination for
New Delhi.                                        and Industry of India (ASSOCHAM).                  Indian entrepreneurs.

 8    Vol. No. 48 • Issue No. 3 • March 2021
Growth-oriented inclusive budGet & socially
(L-R) Mr Demeke Mekonnen, Deputy Prime Minister and Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia; ASSOCHAM Secretary
General, Mr Deepak Sood; Mr V. Muraleedharan, Minister of State for External Affairs, Government of India and ASSOCHAM President, Mr Vineet Agarwal
seen on the occasion of India-Ethiopia Business Forum organised by ASSOCHAM in New Delhi.

Highlighting the expansion                        The Minister also expressed                        companies in Ethiopia with a
in economic collaboration                         appreciation for Ethiopian                         licensed investment of over $5
between India and Ethiopia, the                   government's effort in creating a
Minister highlighted that despite                 congenial environment for foreign
Covid-19 global pandemic, Indian                  investments and in particular for
businessmen continued to explore                  facilitating Indian companies to                   Despite Covid-19 global
investment opportunities in the                   invest in Ethiopia and carry on their              pandemic, Indian
African country. "During the last                 business.                                          businessmen continued
one year, we have had 35 new
                                                                                                     to explore investment
Indian investments in Ethiopia."                  Today there are over 607 Indian
                                                                                                     opportunities in
                                                                                                     the African country.
                                                                                                     “During the last one
                                                                                                     year, we have had 35
                                                                                                     new Indian investments
                                                                                                     in Ethiopia”.

                                                                                                     billion (bn) employing about 75,000
                                                                                                     Ethiopian nationals. About 61 per
Mr V. Muraleedharan, Minister of State            Mr Demeke Mekonnen, Deputy Prime Minister
for External Affairs, Government of India         and Minister of Foreign Affairs of the Federal     cent of Indian investments are in
addressing the delegates during India-            Democratic Republic of Ethiopia addressing the     manufacturing sector followed by
Ethiopia Business Forum organised by              delegates during India-Ethiopia Business Forum
ASSOCHAM in New Delhi.                            organised by ASSOCHAM in New Delhi.                agriculture (14 per cent).

                                                                                                                         ASSOCHAM Bulletin      9
Growth-oriented inclusive budGet & socially
digital economy, tourism, science
                                                                                        and technology, human resource
                                                                                        development and increase in
                                                                                        productivity in agriculture and
                                                                                        industry," said Mr Mekonnen.

                                                                                        He also assured facilitation from his
                                                                                        government for prospective Indian
                                                                                        investments.

                                                                                        In his welcome remarks, Mr Vineet
                                                                                        Agarwal, president, ASSOCHAM
                                                                                        said that India is looking to work
                                                                                        more closely with the context of the
                                                                                        recently ratified African Continental
                                                                                        Free Trade Area (AfCFTA).
ASSOCHAM President, Mr Vineet Agarwal addressing the India-Ethiopia Business Forum.     "The FTA should enhance trade
                                                                                        with Ethiopia and other African
He also said that Ethiopia is one                amounting to $705 million extended     Countries."
of the largest recipients of India's             to Ethiopia."
                                                                                        The ASSOCHAM chief added, "We
                                                 The Minister added that state visit    request the respective authorities
                                                 of Ethiopian deputy PM will deepen     and key stakeholders on both sides
                                                 ties thereby leading to a robust       to expedite resolution of non-tariff
     Today there are over                        and long-lasting relationship and      barriers to provide a greater ease
   607 Indian companies                          India would continue to partner in     of doing business for industry
                                                 country's growth story.                members. This will help boost the
         in Ethiopia with a                                                             trade potential between India and
      licensed investment                        Sharing his perspective, Ethiopian     Ethiopia in the short term, even as
   of over $5 billion (bn)                       deputy PM, Mr Mekonnen said            newer areas for a more broad-based
          employing about                        that while bilateral trade ties        commercial engagement emerge in
                                                 between India and Ethiopia have        the post-COVID world order."
          75,000 Ethiopian
                                                 reached $1.23 bn and over the years,
       nationals. About 61                       although Indian exportable goods       Sharing his perspective,
         per cent of Indian                      to Ethiopia has shown exponential      ASSOCHAM's secretary general, Mr
        investments are in                       growth, he rued that Ethiopia's        Deepak Sood said, "Ethiopia offers
                                                 export to India remains as low as      vast and diverse untapped scope for
    manufacturing sector
                                                 before.                                a range of business opportunities.
 followed by agriculture.                                                               This untapped potential is a call to
                                                 Inviting Indian businesses, the        India to forge stronger trade ties with
                                                 Ethiopian deputy PM informed           Ethiopia, and within the region."
                                                 about a ten-year economic
                                                 development plan unveiled by           Amid others who addressed the
concessional loans or lines of                   his government with a vision of        ASSOCHAM event included: Dr
credit in Africa. "I am glad that our            'Ethiopia: An African Beacon of        Tizita Mulugeta, Ambassador,
development partnership covers                   Prosperity.'                           Extraordinary and Plenipotentiary
sectors such as rural electrification                                                   of Ethiopia to India and Mr Rajeev
and the sugar industry and consists              "We have also defined new              Sharma, Acting Convener, India
of a total of six lines of credit                frontiers of growth including          Business Forum (IBF).

 10 Vol. No. 48 • Issue No. 3 • March 2021
T
       here are almost 8 lakh
       Indian students studying in
       various foreign universities
and spend on an average Rs 2 lakh
crores every year in fees and other
expenses. The government is taking
steps to ensure that quality education
and similar facilities are provided in
India itself so that these students are
retained here, stated Dr. Ramesh
Pokhriyal ‘Nishank’, Honourable
Union Minister of Education,
Government of India. He was
speaking at the 14th NATIONAL             Dr. Ramesh Pokhriyal ‘Nishank’, Hon’ble Union Minister of Education, GoI. addressing the 14th
                                          ASSOCHAM Education Summit 2021 on 18th – 20th February 2021
EDUCATION SUMMIT 2021
- NEP 2020 – ‘Transforming
Educational Landscape of the
Nation and Carving a Road Map                Aiming to save 2 lakh cr.
for Implementation’ organized
by The Associated Chambers of                spent by Indian students:
                                             Pokhriyal
Commerce and Industry of India
(ASSOCHAM).

The honourable minister stated that
the education ministry is in talks with       The government is taking steps to ensure that
more than 128 foreign universities            quality education and similar facilities are
on ways to collaborate so that similar
facilities can be given to the students
                                              provided in India itself so that these students
here as well. “We have already got            are retained here.
more than 50000 student registrations
and there are already almost 1000         Speaking on the New Education Policy                tongue or the language of their
students involved in research and         (NEP) 2020, the minister explained                  preference. “The Education facilities in
development in India,” he said.           that till class 5, students would be able           India would get a huge boost with the
                                          to get an education in their mother                 introduction of the NEP. This would
According to Dr Pokhriyal, the
government of India ensured that
even during the lock-down due to
the Corona-virus pandemic, none
of the students lost an academic
year due to the non-accessibility of
academic facilities.

“Almost 33 crore students across
the country were able to get online
education. Even in remote villages,
the education institutes ensured that
students could get access to their
studies through radios and rooftop
                                          Dr. Arun Kumar Sahoo, Hon’ble Minister of Higher Education, Govt. of Odisha is delivering the speech
loudspeakers,” he said.                   at the 14th ASSOCHAM Education Summit 2021 on 18th – 20th February 2021.

                                                                                                                   ASSOCHAM Bulletin 11
Dr. Vinay Sahasrabuddhe, Member of Parliament along with Shri Yuvraj Malik, Director, National Book Trust, Dr. Prashant Bhalla, Chairman, ASSOCHAM
National Council on Education, Kunwar Shekhar Vijendra, Co-Chairman, ASSOCHAM National Council on Education, Dr. Madhu Chitkara, Pro Chancellor,
Chitkara University along with ASSOCHAM officials.

also help in the promotion of Local                 “Education is the most important                    their studies,” he informed.
languages for education,” he said.                  pillar for any economy. Once
                                                    the industries collaborate with                     Professor Ashutosh Sharma,
Dr Pokhriyal also asked the Industry                the educational institutes, the                     Secretary, Department of Science
representative to collaborate with                  curriculum can be designed in a way                 & Technology (DST) explains
educational institutes to help design               where the students can also gain                    that the education system
the curriculum.                                     industrial experience as a part of                  should be designed as a means

Prof. V. S. Chauhan, Chairman, NAAC along with Dr. Prashant Bhalla, Chairman, ASSOCHAM National Council on Education, Kunwar Shekhar Vijendra,
Co-Chairman, ASSOCHAM National Council on Education, Shri Satnam Singh Sandhu, Chancellor, Chandigarh University, Prof. Atul Khosla, Founder & Vice
Chancellor, Shoolini University, Dr. Madhu Chitkara, Pro Chancellor, Chitkara University, Dr. G. D. Sharma, Former Secretary, UGC, Prof. Manoj K. Arora,
Vice Chancellor, BML Munjal University and Prof. Sunil Rai, Vice Chancellor, UPES.

 12 Vol. No. 48 • Issue No. 3 • March 2021
Dr Prashant Bhalla, Chairman,
                                                                                                        ASSOCHAM National Council on
                                                                                                        Education and President, Manav
                                                                                                        Rachna Educational Institutions
                                                                                                        explained that teaching students
                                                                                                        in the mother tongue will be very
                                                                                                        effective. “There are various studies
                                                                                                        that suggest that most students
                                                                                                        understand complex subjects when
                                                                                                        explained in their mother tongue.
Mr. Yuvraj Malik, Director, National Book Trust,    Dr. Chowna Mein, Deputy Chief Minister,             This would help many students,” he
India addressing the session.                       Government of Arunachal Pradesh addressing
                                                    the session.
                                                                                                        said.
of achieving creativity and skill
development.                                        right from science and technology to                Prof Anil D. Sahasrabudhe,
                                                    humanities,” he added.                              Chairman, All India Council for
“NEP 2020 aims to achieve that.                                                                         Technical Education (AICTE) stated
The education curriculum should                     Kunwar Shekhar Vijendra, Co-                        that the New Education Policy (NEP)
be aligned with the needs of the                    Chairman, National Council on                       2020 would help the country achieve
industry. Its objective should be                   Education & Chancellor, Shobhit                     excellence in its education system.
to help in problem-solving of the                   University explained that the                       “A vocational course as a part of
society,” he said.                                  National Education Policy will
                                                    connect the past with the future with
According to Prof. Sharma, setting                  a focus on excelling in the education               The Education facilities
up of the National Research                         sector.
Foundation would also help in
                                                                                                        in India would get a
building the research capacity of                   “The National Research Fund and                     huge boost with the
the universities and colleges in the                the National Technical Research                     introduction of the NEP.
country. “The government has also                   Organization will bring big changes                 This would also help in
earmarked a huge budget of Rs 50000                 in the research and development
crores to spend over the period of 5                ecosystem of the country and will be
                                                                                                        the promotion of local
years for the creation of the National              more inclusive. National Education                  languages for education.
Research Foundation (NRF). This                     Policy will play a crucial role in
in turn will help in funding the                    bridging the gap between research
research in the range of disciplines                and education,” he said.                            the curriculum would also help the
                                                                                                        students develop an entrepreneurial
                                                                                                        mindset which would help them in
                                                                                                        the future,” He explained.

                                                                                                        Mr Vineet Agrawal, president,
                                                                                                        ASSOCHAM explains that the
                                                                                                        National Education Policy 2020 will
                                                                                                        be a game-changer for the education
                                                                                                        system in the country.

ASSOCHAM National Council on Education organized the webinar on “Researching Quality Assurance          “The industry will collaborate with
in Higher Education – Accreditation and Ranking of Universities” on 19th February 21. The Guest         the government towards enriching the
of Honour is Dr. Gopalkrishna Joshi, Executive Director and Member Secretary, Karnataka State
Higher Education Council, Prof. Govind Prasad Sharma, Chairman, National Book Trust, Mr. Sanjay         education system of the country and
Padode, Chairman, CDE, IFIM, Dr. Raj Singh, Vice Chancellor, Jain (Deemed to be University), Dr.
Victor Gambhir, President, JECRC University, Dr. Ashwin Fernandes, CEO, QS I-GAUGE, Dr. Jitendra Das,
                                                                                                        making the students more attuned to
Director, FORE School of Management.                                                                    the needs of the industry”, he said.

                                                                                                                       ASSOCHAM Bulletin 13
Reorient Businesses
to Succeed: Ajit doval
                       Aatmanirbhar Bharat is a new window of opportunity
                       for India. We have to become global leaders in the
                       future. Let us all join hands and build a new and strong
                       India.

14 Vol. No. 48 • Issue No. 3 • March 2021
B
      usinesses and trade in India      ensure our survival. “Those who
      will have to learn to change      have funds and are better off should
      faster than the change itself     expand their outlook so that it
if they want to succeed, stated,        touches the lives of everyone. This is
Shri Ajit Doval, National Security      what Swami Vivekanand also said,
Advisor to the Prime Minister of        that if you want to find God, you
India at the Swami Vivekanand           need to serve man,” He pointed out.
Memorial Lecture 2021 organized
by The Associated Chambers of
Commerce and Industry of India             Many people are moving back to the villages.
(ASSOCHAM).                                Can we ensure that these villages are developed
                                           into new hubs for economic activity? Can they
He explained that it is important
                                           be equipped with better connectivity and
that to succeed Indian companies
will have to remain a step ahead           infrastructure.
of others. “By 2030, 600 million
people will be living and operating     He mentioned that Swami
from their homes. The new urban         Vivekanand took a very holistic
complexes will have to ensure           view of life. “For him a person
that the industrial economy from        playing football would be nearer
residential centres can adjust. Also,   to heaven than one chanting the
many people are moving back to the      Bhagavad Gita. He understood that
villages. Can we ensure that these      every Individual and nation needed
villages are developed into new hubs    to take care of its basic material
for economic activity? Can they be      requirement to exist and progress.
equipped with better connectivity       No spiritual alleviation or growth
and infrastructure,” he said.           was possible when the basic survival
                                        was threatened,” he said.
Shri Doval stated that the most
enduring message of COVID-19 is         Shri Doval explained that India has
that only the well-being of all will    besides geographical proximity to

                                                                                 ASSOCHAM Bulletin 15
Swami Vivekanand took
    a very holistic view of
    life. For him a person
  playing football would
      be nearer to heaven
   than one chanting the
        Bhagavad Gita. He
  understood that every
    Individual and nation
      needed to take care                                                         long run. “‘Aatmanirbhar Bharat’
       of its basic material                                                      is a new window of opportunity for
                                                                                  India. We have to become global
requirement to exist and                                                          leaders in the future. Let us all join
                   progress.                                                      hands and build a new and strong
                                                                                  India,” he said.

                                                                                  Mr. Vineet Agrawal, President,
many markets, it has many natural                                                 ASSOCHAM stated that Swami
advantages. “As a geostrategic                                                    Vivekananda was more than just
environment, India’s growing                                                      a spiritual mind; he was a prolific
multi-sectoral cooperation with                                                   thinker, great orator, and passionate
the Middle East will provide                                                      patriot.
several opportunities in the fields
of infrastructure, tourism, and             He explained that multitudes          “His teachings have been an
establishing a third country joint          of reforms are brought by the         inspiration to many, and his words
venture,” he said.                          government that will benefit in the   have become a self-improvement

16 Vol. No. 48 • Issue No. 3 • March 2021
goals, especially for the youth of the    technology, man has attained great        and the World and to keep the
country. For this very reason, his        prosperity and power, and modern          legacy of a great human being and an
birthday, January 12, is celebrated       communication and travel methods          inspiring individual, ASSOCHAM
as the National Youth Day in India.       have converted human society into a       has started this Annual Swami
We are all motivated by his inspiring     ‘global village’,” He said.
speech at the World Parliament of
Religions in Chicago, 1893, which         Mr Deepak Sood, Secretary-General,
changed how the world viewed              ASSOCHAM stated that society is           Incidentally, today is
religion,” He said.                       guided by Swamiji’s focus on the          also Parakram Diwas,
                                          spirit of oneness, the importance of a    the birth anniversary of
Mr. Agrawal informed at a time            good education system and human
when the world is reeling under           development in building a nation,
                                                                                    Netaji Subhash Chandra
the impact of the pandemic, Swami         and how service to humanity can           Bose. He has also
Vivekananda’s teachings can               help individuals become the best          inspired us, much like
help bring order to the chaos and         versions of themselves.                   Swami Vivekanand, with
encourage us to look to the Indian
heritage as a binding factor for global   “Incidentally, today is also Parakram
                                                                                    his indomitable spirit
collaborations.                           Diwas, the birth anniversary of           and selfless service to
                                          Netaji Subhash Chandra Bose.              the nation.
Mr. Sumant Sinha, Senior Vice             He has also inspired us, much
President, ASSOCHAM stated that           like Swami Vivekanand, with his
Swami Vivekananda’s concept of            indomitable spirit and selfless
‘potential the divinity of the soul’      service to the nation. The values of      Vivekananda Memorial Lecture
gives a new, ennobling concept of         these leaders continue to inspire         series from this year.
man.                                      people of our country to act with
                                          fortitude in the face of adversity,” Mr   “In keeping with Swami
“The present age is the age of            Sood stated.                              Vivekananda’s teachings, this lecture
humanism which holds that                                                           series will cover the lessons learned
man should be the chief concern           According to the Secretary-               from his life and how they can guide
and centre of all activities and          General, to commemorate Swami             society in these uncertain times,” he
thinking. Through science and             Vivekananda’s beneficence to India        said.

                                                                                                   ASSOCHAM Bulletin 17
How not to get depressed
by depression
   Depression is one of the most common                                              Rajesh Kesari, Founder and Director,
   mental disorders. It occurs across all the age                                    Total Care Control who served
   groups and is twice as common in females                                          as a moderator for the panel. The
                                                                                     campaign running under a CSR
   as compared to males. It is treatable and                                         initiative supported by SAVLON,
   the treatment should be started as early as                                       aims at promoting healthy living
   possible.                                                                         with a keen focus on wellness and
                                                                                     preventive health through healthy
                                                                                     habits, diet, exercise, and holistic

A
        SSOCHAM organized                   The online event was graced by a         health.
        another edition of the              team of eminent mental health experts
        webinar series on ‘Illness to       who shared their valuable inputs on      Sharing his perspective, Prof Dalal
Wellness’ campaign, themed around           Depression management, which             said, “Depression is one of the most
“Depression Management and                  included - Prof. P K Dalal, President-   common mental disorders. It occurs
Treatment” .                                Indian Psychiatric Society and Former    across all the age groups and is twice
                                            Professor & Head Department of           as common in females as compared to
The ASSOCHAM webinar was                    Psychiatry KGMU, Lucknow; Dr             males. It is treatable and the treatment
organized with an objective to cascade      Ishita Mukerji, Program Director and     should be started as early as possible.
mass awareness and disseminate              Senior Psychologist, Kaleidoscope; Dr    It can also occur quite commonly with
knowledge & wisdom to combat                Akshay Kumar, Associate Consultant,      the other chronic physical and mental
depression and promote healthier and        Mental Health and Behavioural            disorders as well. If left untreated
happier life during current scenario.       Science, Artemis Hospital, and Dr        it can be severe in intensity and can

18 Vol. No. 48 • Issue No. 3 • March 2021
lead to even suicidal tendency, a            death among 15-29-year-olds. People        we must be careful not to interchange
psychiatric emergency.”                      with severe mental health conditions       the meaning of sadness, stress,
                                             die prematurely as much as two             anxiety, and depression. Having
He said around 10 to 15 per cent             decades early due to preventable           said that, chronic disorder can lead to
people suffering with depression can         physical conditions. These facts are       depression, if not monitored within
commit suicide and around 20 per             a waking reality for all countries to      time.”
cent more can attempt for suicide.           re-think their approaches to mental
The person should be immediately             health and to treat it with the urgency    The critical takeaways from the
hospitalised and treated. There are          that it deserves.                          insightful session, included ways to
now good medicines and other                                                            handle a person with suicidal ideation
therapies available for the treatment        The expert panel in coherence              with utmost vigilance on behalf of
of depression.                               expressed that Depression is bio-          family members & social support,
                                             psycho-social in nature, because
Prof Dalal added, “Medicines to treat        of which a strong link between
depression are neither habit forming         developing depressive symptoms &
nor sedating in nature. The treatment        chronic illnesses can be established.      Medicines to treat
can be easily tapered off after the          Amidst the many important inputs           depression are neither
person remains fully asymptomatic            during the webinar, it was also            habit forming nor
for a considerable period.”                  suggested that physicians who
                                             diagnose patients with chronic
                                                                                        sedating in nature. The
The key to get to the core of the issue is   disorders must map the psychological       treatment can be easily
by addressing and communicating in           impact with equal importance as            tapered off after the
a safe space. “The continuing stigma         co-morbidity can magnify due to            person remains fully
associated with mental illness was           interlinking of diseases.
the reason why we decided to come
                                                                                        asymptomatic for a
out and talk openly about it”, said Dr       Between adjusting to Work from             considerable period.
Mukerji.                                     home, children’s online school-
                                             college education, lack of contact with
“For someone living with depression,         other family members, friends and
acknowledging their emotions and             colleagues and accepting the changes       tips to parents and children on time
talking to a person they trust is often      of lifestyle while mitigating the fear     management and active listening
the first step towards treatment and         of contracting the virus, the mental       to prevent feelings of isolation
recovery,” he said.                          health of people took a beating. Stress    and detachment, stages of post-
                                             became a common and consistent             partum depression, looking out for
“A better understanding of depression        emotion.                                   symptoms of depression in someone
and how it can be treated, while                                                        suffering from prolonged sadness and
essential, is just the beginning. What       In severe cases, it even led to clinical   normalizing seeking professional help
needs to follow is sustained scale-up        depression. Reflecting on how stress       to resolve and steer ahead.
of mental health services accessible         and depression are often confused
to everyone, even the most remote            with each other, Dr Kumar, one of the      The session was moderated by Dr
populations in the world,” said              experts among the pantheons from           Rajesh Kesari, founder and director,
Dr Mukerji, Senior Psychologist-             the field of mental health said, “Stress   Total Care Control who also shed
Kaleidoscope, as she concluded her           and anxiety are very different from        some light on the gravitas of the
address.                                     Depression. Stress is not a disorder,      topic and highlighted the need of
                                             but more of a reaction triggered by        acknowledging the existence of the
According to World Health                    an external stimulus which may be          problem of depression, which is still
Organization (WHO), depression is            uncomfortable. It is often used within     considered a taboo, as he successfully
one of the leading causes of disability.     the professional context to indicate       summarized the discussion with
Suicide is the second leading cause of       an uncomfortable situation, wherein        expert inputs of the esteemed panel.

                                                                                                        ASSOCHAM Bulletin 19
Care for your heart
during winters
   The supply of oxygen-rich blood to heart                                         healthy Heart especially in winter
   muscles gets reduced during winter season                                        season.
   forcing the heart to work harder, as such any
                                                                                    It was also discussed that influenza
   demand-supply mismatch in terms of blood                                         vaccine for all individuals above
   flow to heart muscles due to cold temperatures                                   65 years and in addition to that
   can put health at risk for those having heart                                    Pneumococcal vaccine is key to stay
   conditions.                                                                      fit for everyone with heart diseases.

                                                                                    “The supply of oxygen-rich blood to

A
       SSOCHAM concluded the                edition of ASSOCHAM webinar             heart muscles gets reduced during
       16th edition of the ‘Illness         series on Illness to Wellness.          winter season forcing the heart to
       to Wellness’ series themed                                                   work harder, as such any demand-
‘Heart Care During Winters In               Supported by the hygiene brand          supply mismatch in terms of blood
COVID–19 Era’.                              SAVLON, the program which               flow to heart muscles due to cold
                                            promotes healthy living with a          temperatures can put health at risk
People with cardiovascular problems         quality life focusing on wellness       for those having heart conditions,”
need to be extra cautious when              and preventive health through           said experts during the panel
temperatures start to fall, as risk of      healthy lifestyle habits, balanced      discussion at an ASSOCHAM
a heart attack begins to climb during       diet, regular exercises, and holistic   webinar on ‘Heart Care during
cold weather, said cardiology experts       health saw the speakers engage          winters in Covid-19 era,’ held
sharing their experiences during 16th       on the preventive measures for          yesterday .

20 Vol. No. 48 • Issue No. 3 • March 2021
Staying extra cautious and taking        heart disease is preventable by
certain precautions like limiting        following certain healthy practices.
the in-take of high-calorie food,        First, it is important to give up high-
indulging in sports activities and       saturated diet because if we eat and
others can help minimise risk of         drink in moderation then it won’t
heart attack or a cardiac arrest, said   become a health risk. He also said
experts sharing their views during       that in today’s fast paced-lives, stress
the webinar.                             has become quite common among
                                         people thus it is important to manage
Eminent cardiologist, Padma              it by indulging in recreational
Bhushan Dr K.K. Talwar, chairman         activities like yoga and others.
PSRI Heart Institute in his address
said that elderly people are             He added that there is a popular
at a higher risk during winter           myth that alcohol consumption can
season as cold weather can affect        prevent heart attack, it is nothing but
heart, especially those having           overblown. He said, in India people
cardiovascular disease. “Being           indulge in binge drinking and eat
outdoors in cold weather for long        high-calorie food which is very
time should be avoided, cardiac          harmful for heart health.
patients should move out only when                                                  scientists, frontline workers for
sun is shining and cover themselves      Dr Singh further said that usage of        fearlessly dedicating themselves to
up properly.”                            face-masks should be continued             the fight against this deadly virus.
                                         even after the covid-19 has subsided
Dr Talwar also said that a regular       as it would help prevent spread
exercise routine can be a blessing not   of infections like pneumonia and
just for heart patients but for normal   viral diseases. Even in hospitals, he      Staying extra cautious
people as well and that it is always     said infections have significantly         and taking certain
better to play any sport rather than     decreased due to measures
merely walk.                             like wearing masks and hand
                                                                                    precautions like limiting
                                         sanitization.                              the in-take of high-
Talking about the food habits, he                                                   calorie food, indulging
stated that oily foods need to be        ASSOCHAM National Council on               in sports activities and
avoided and those who consume            Corporate Social Responsibility
liquor should take small amounts to      (CSR), chairman, Mr Anil Rajput
                                                                                    others can help minimise
just relax themselves, besides sweets,   said that the year 2020 saw                risk of heart attack or a
milk products and bakery items           medical fraternity rising to the           cardiac arrest.
should be completely avoided by          challenge thereby showcasing their
those suffering from heart diseases.     unwavering spirit despite complex
                                         nature of Covid-19 pandemic.
On a cautionary note he said that
it is extremely important to keep        He added, that fighting the Covid-19       The session was moderated by Dr
blood pressure under control in all      virus becomes more challenging             Rajesh Kesari, founder and director,
circumstances and for diabetics and      for those with underlying heart            Total Care Control who also shared
kidney disease patients it should be     conditions, more so during the             his experiences and highlighted
less than 130/80.                        winter season when heart must work         that heart disease and high blood
                                         extra hard to maintain a healthy           pressure can put one at greater risk,
Sharing his views, Padma Shri Dr         body temperature.                          thus following a healthy regime can
Balbir Singh, chairman, Cardiac                                                     help protect one’s heart during the
Sciences, Max Healthcare said that       Mr Rajput also lauded the doctors,         COVID-19 pandemic.

                                                                                                   ASSOCHAM Bulletin 21
Neuro Health in
time of Covid
   Neurological manifestations in COVID-19 are undeniable and represent an
   amalgamation of a hyperfunctioning immunological system, procoagulant
   state and direct virus-induced apoptosis, a combination that may require
   a multi-pronged approach for therapeutic success.

A
         SSOCHAM successfully               SAVLON, the program which               Hardinge Medical College; Dr (Col)
         organised another edition          promotes healthy living with a          P.K. Sethi, Emeritus Consultant and
         of the ‘Illness to Wellness’       focus on wellness and preventive        Advisor, Neurology, Sir Ganga Ram
series themed ‘Wellness of brain            health through healthy habits, diet,    Hospital; Dr Sumit Singh, Chief,
and nervous system.                         exercise, and holistic health saw the   Neurology, Artemis Hospitals;
                                            veteran speakers discuss at length      Mr Anil Rajput, Chairperson,
The online event saw participation          what affects nervous system related     ASSOCHAM CSR Council and
of an expert panel of neurologists          problems and how the same can be        Dr Rajesh Kesari, Founder and
hold an informative dialogue                improved.                               Director, Total Care Control who
on challenges faced by patients                                                     also moderated the ASSOCHAM
suffering from a weak nervous               Renowned experts who shared their       webinar.
system.                                     valuable comments included - Prof
                                            (Dr) Rajinder K. Dhamija, Head          The panellists explained the
Supported by top hygiene brand              of Neurology Department, Lady           importance of a healthy brain

22 Vol. No. 48 • Issue No. 3 • March 2021
and central nervous system and
minimise chances of neurological
disorders.

Sharing his views, Dr Dhamija
said, “As the pandemic rages,
there is an urgent need to
establish neuropathological links
in COVID-19 via autopsies and
pathology studies. Knowledge
of virus structure and virus-host
interaction mechanisms will aid
in providing a framework for
therapeutic interventions.”

He added, “Neurological
manifestations in COVID-19           countries. This burden is estimated     Mr Rajput in his address impressed
are undeniable and represent         to increase further by 23 per cent      upon the need for leading an active
an amalgamation of a                 in India by 2025, which should          physical life which may include
hyperfunctioning immunological       ring alarm bells to the medical
system, procoagulant state and       community.”
direct virus-induced apoptosis,
a combination that may require       Addressing the delegates, Dr Sethi
a multi-pronged approach for         said, “Healthy brain and mind
                                                                             There has been a 44
therapeutic success.”                leads to good physical health and       per cent increase in
                                     happiness. The motto of life should     mental, neurological,
He also said, “Neurological          be to achieve happiness.”               and substance use
disorders have become major public
health concerns globally including   Dr Sumit sharing his views said,
                                                                             disorder burden from
India, with increasing prevalence    “Migraine, tension type headache,       1990 to 2013 in India,
due to escalating longevity and      trigeminal autonomic cephalalgias       by far exceeding many
perpetually changing lifestyles.”    are the common primary headache.        other Asian countries.
                                     Headache may be secondary
Stating that brain diseases,         to trauma, substance abuse/
                                                                             This burden is estimated
along with mental disorders          withdrawal, infection, vascular         to increase further by
and substance abuse, cause           disorder etc. If the headache is new    23 per cent in India by
more morbidity and mortality         in onset, precipitated by exertion,     2025.
than cancers and heart diseases      cough, worse than or different in
combined, he said that key to        nature than previous headache,
improvement is creating awareness,   associated with fever, fits, or
leading to timely diagnosis and      appear in elderly for the first time;
treatment.                           they should be taken seriously,         walking, jogging, cycling, resistance
                                     and immediate medical attention         training along with mental well-
Sharing certain figures, he said,    should be sought. Radiological          being through yoga, meditation
“There has been a 44 per cent        investigations like MRI usually helps   and counselling that can make
increase in mental, neurological,    to rule out any underlying structural   everybody better equipped to take
and substance use disorder burden    disease. Majority of the headaches      on many of the health challenges
from 1990 to 2013 in India, by       can be treated with appropriate and     be it neurological disorders or
far exceeding many other Asian       timely medication.”                     Covid-19.

                                                                                            ASSOCHAM Bulletin 23
Manage Obesity by
Modifying Lifestyle
  Skip fad diets and focus on nutrition instead.                                     promotes healthy living with a
  Following this method, calorific foods will get                                    focus on wellness and preventive
  crowded out naturally and both health gain                                         health through healthy habits, diet,
                                                                                     exercise, and holistic health saw the
  and the weight loss will happen naturally.                                         veteran speakers discuss at length
                                                                                     what affects nervous system related

                                            A
                                                      SSOCHAM successfully           problems and how the same can be
                                                      organised a webinar as part    improved.
                                                      of its ‘Illness to Wellness’
                                            series themed ‘Obesity Management        Renowned experts who shared
                                            by Lifestyle Modifications’.             their valuable comments included -
                                                                                     Professor Anoop Misra, Chairman,
                                            The webinar saw participation            Fortis C-DOC Centre for Diabetes,
                                            of renowned nutritionists,               Obesity, Metabolic Diseases,
                                            diabetologists and physicians            and Endocrinology; Ms Kavita
                                            hold an informative dialogue             Devgan, Nutritionist & Weight
                                            on challenges faced by patients          Management Consultant; Mr Anil
                                            suffering from a weak nervous            Rajput, Chairperson, ASSOCHAM
                                            system.                                  CSR Council and Dr Rajesh Kesari,
                                                                                     Founder and Director, Total Care
                                            Supported by top hygiene brand           Control who also moderated the
                                            SAVLON, the program which                ASSOCHAM webinar.

24 Vol. No. 48 • Issue No. 3 • March 2021
The panellists explained the
importance of nutritious food and
balanced diet for a healthy body and
to keep the lifestyle diseases at bay.

Sharing her views, Ms Devgan said,
“Skip fad diets and focus on nutrition
instead. This way wrong, calorific
foods will get crowded out naturally
and both health gain and the weight
loss will happen naturally.”

She said, “The best way to get fit is
to identify the wrong habits (that
lead to weight gain) and work on
modifying those. This is the only        critical problems that continue to       He added, “Lifestyle modifications
way for sustainable weight loss that     plague human race. It can impact         like regular exercises which can
sticks.”                                 multiple organs and cause death          include walking, cycling, jogging,
                                         for some suddenly while for others       yoga and weight training along with
Ms Devgan added, “Weight loss is a
journey that must be traversed with
patience over time. Just like you
gained weight over time, the loss will
also happen in good time. So keep
patience, but do it right.”                                                       Weight loss is a journey
                                                                                  that must be traversed
Sharing his views on rising obesity in                                            with patience over time.
India, Prof. Anoop Misra explained,
                                                                                  Just like you gained
“While treatment of obesity starts at
a lower weight in Indians, it should
                                                                                  weight over time, the
be aggressively pursued.”                                                         loss will also happen
                                                                                  in good time. So keep
Prof Misra said that muscle of                                                    patience, but do it right.
Indians is weaker than those of the
whites, blacks and thus there are
more instances of diabetes among
people here in India as weakness of
muscles alone means high diabetes
risk.                                                                             a low fat diet that includes a balance
                                                                                  between proteins and minerals can
He added that obesity and diabetes                                                really prevent a lot of complications
cause fatty liver which in-turn                                                   of obesity.”
Converts to Cirrhosis and Cancer,        it can make life a challenge to
so it is important for people to adopt   lead. According to reports 34 per        Dr Kesari shared his views on
good lifestyle choices and maintain      cent of the Indian population is         the need to adopt preventive
daily regime of physical activity.       insufficiently active. Besides, as the   measures for diabetes and related
                                         youngest nation in the world, we         non-communicable diseases such
In his address, Mr Rajput pointed        have the second highest number of        as hypertension, obesity, high
out that obesity is one of the           obese children in the world.             cholesterol, and cardiac ailments.

                                                                                                  ASSOCHAM Bulletin 25
Coronavirus Vaccination:
Myths and Facts
                                                                                    Supported by top hygiene brand
  Immunity takes time to become effective to                                        SAVLON, the program which
  stop virus spread and multiplication. However,                                    promotes healthy living with a focus
  immune system has memory, which will kick                                         on wellness and preventive health
                                                                                    through healthy habits, diet, exercise,
  in when the virus infects again – now the                                         and holistic health saw the veteran
  response time is very short.                                                      speakers discuss at length about the
                                                                                    efficacy and safety of Coronavirus
                                                                                    medicine and vaccination.

                                            A
                                                     SSOCHAM successfully
                                                     organized a webinar as part    Renowned experts who shared
                                                     of its ‘Illness to Wellness’   their valuable comments included
                                            series themed “Myths and Facts of       – Prof. (Dr.) T. Jacob John, Virologist
                                            Coronavirus Vaccination”.               and Pediatrics, Former Professor
                                                                                    at Christian Medical College,
                                            The webinar saw participation           Vellore; Dr. G. C. Khilnani, Ex
                                            of renowned Virologists,                Head & Professor of Department
                                            Pediatricians, Neurologists,            of Pulmonary Medicine & Sleep
                                            Pulmonologists, and diabetologists      Disorders, AIIMS New Delhi,
                                            hold an enlightening, educative         Chairman, PSRI Institute of
                                            and informative dialogues on            Pulmonary, Critical Care & Sleep
                                            myths and realities of Coronavirus      medicine; Prof. Rajinder K Dhamija,
                                            vaccination.                            Head of Neurology Department,

26 Vol. No. 48 • Issue No. 3 • March 2021
Lady Harding Medical College and
SSK Hospital, New Delhi; Mr. Anil
Rajput, Chairperson, ASSOCHAM
CSR Council and Dr. Rajesh Kesari,
Founder and Director, Total Care
Control who also moderated the
ASSOCHAM webinar.

Prof. (Dr.) John opined that “Our
immune system has the capacity
to detect any virus, even the never-
seen-before COVID-19 and mount
a response – antibodies and T-cell
immunity. Immunity takes time
to become effective to stop virus
spread and multiplication. However,
immune system has memory, which
will kick in when the virus infects      immunity and domestic/farmed/
again – now the response time is         wild animals get infected and
very short”. Vaccines mimic this         become a new reservoir. India can       Vaccines mimic this
sequence, but without causing            lead the way; WHO can create global     sequence, but without
disease. Immune system selects           solidarity for this goal
                                                                                 causing disease.
key components of the virus for
effective response, and scientists       Sharing his views, Dr. Khilnani         Immune system selects
create them in the lab and use as        said, “India has had more than one      key components of
“antigens” – the spike proteins are      crore cases of COVID-19 and more        the virus for effective
the common antigen in all COVID          than one and a half lakh deaths.
                                                                                 response, and scientists
vaccines. Alternatively, if virus is     While we have seen major decline
grown but killed chemically, the         in number of cases, Western world
                                                                                 create them in the lab
antigens are preserved, and you have     is having surge of cases. We are        and use as “antigens”
a vaccine. The mutant variants from      quite away from attaining Herd          – the spike proteins are
UK and South Africa may not fit          immunity. Vaccines have protected       the common antigen in
perfectly with the antibodies made in    mankind - eradication of smallpox
response to the non-mutant antigen.      and polio are burning examples. The
                                                                                 all COVID vaccines.
Immunity will be effective, but the      presently available COVID vaccines,
protection may be less; scientists       namely Covaxin and Covishield
have to match these one by one. A        are both well tested for safety and
few vaccines tested in the labs are      efficacy. There is nothing to choose    All the panelists unanimously
protective against most variants.        between them. All adults more than      stressed that vaccination against
                                         18 years of age (except pregnant and    COVID 19 at this trajectory of
The country-epidemics will abate but     lactating mothers) should take this     pandemic is very crucial. As now
the virus will remain as ‘endemic’ –     vaccine. There are lots of myths and    number of cases is receding in many
low frequency of infection, but rather   misconceptions and concerns on social   parts of the country and this is the
stable. By itself, the virus will not    media regarding safety and efficacy     most appropriate time that now we
disappear. The best thing we can         and one should always believe           should immunize most of the people
do using vaccines, is to eradicate the   in authentic information. Taking        as many as possible at this stage of
virus – like we did with smallpox        vaccine not only would save yourself    COVID-19.
and polio. We must do this before        but also your family members and
new mutants escape from vaccine          other people around you”.               Prof. (Dr.) John also outlined the

                                                                                                ASSOCHAM Bulletin 27
India has had more
     than one crore cases
   of COVID-19 and more
      than one and a half
        lakh deaths. While
      we have seen major
     decline in number of
  cases, Western world is
    having surge of cases.
 We are quite away from
                                            vaccination against the coronavirus.       out that, the very first month of
attaining Herd immunity.                    This is the first kind of pandemic in      this year has witnessed multiple
                                            the history of mankind which will be       vaccinations against the deadly
                                            terminated by vaccine                      COVID virus. Only a few months
                                                                                       ago, this virus was considered as
various types of vaccines in their          We need to vaccinate about 70              the potent force difficult to counter.
different stage of development and          percent of the population to achieve       These vaccines are the direct sequel
the difference between two existing         the heard immunity and control this        of very strong determination of our
vaccines in India namely, covaxin           pandemic.                                  scientists and doctors to fight back.
and covishield.                                                                        He further added that owing to
                                            He also said that if you are protected     the vaccination programs all over
Prof. Dhamija while stressing upon          against coronavirus either by              the world, the pandemic is all set
the importance of vaccination               natural immunity or immunization           to become history in the coming
categorically mentioned that these          you become the dead end for the            months. Till date, this coronavirus
vaccines are safe and effective and         virus transmission. On the other           has impacted over 97 million people
have also undergone rigorous                hand, if you are not protected             and there have been over 2.1 million
scrutiny by the regulators in India.        or immunized you become the                deaths.
He also touched upon the vaccine            facilitator of coronavirus. And so,
hesitancy as defined by WHO as              it is important to get vaccinated not      Mr. Rajput said, the effectiveness and
refusal or delay taking vaccine,            only for yourself but also for your        protection that the Covid-19 vaccine
in spite of being the vaccination           family, friends and society at large. It   provides is at another level. All over
is both affordable and accessible.          is important that COVID appropriate        the world people have started to
He stressed on various causes of            behaviour must be continued and            receive COVID shots from Pfizer,
vaccine hesitancy including the role        followed for at least next 12 months       Moderna, AstraZeneca, Sputnik 5
of social media, misinformation, etc.       as we proceed in 2021.                     and few allergic shocks have been
He argued that vaccine hesitancy                                                       reported as these isolated cases have
has played a major role in different        All the panelists through this             been accounting for a minuscule
countries and WHO has declared              ASSOCHAM webinar platform                  percentage as against those with
vaccine hesitancy behaviour as one          appeal to public to come forward           no or expected side effects. These
of the top 10 public health concern         and participate in “jan andolan” or        vaccines have been certified to be
across the globe. He suggested              “jan bhagidari” to make this vaccine       safe by WHO, The US Food and
that it is the duty of doctors, public      program of Government of India to          Drug Administration and the
health professionals, civil society,        be successful to save the lives and to     European Medicines Agency.
technocrats and organization like           control the pandemic.
ASSOCHAM to come forward                                                               Mr. Rajput categorically mentioned,
and dispel all the myths about the          In his address, Mr. Rajput pointed         India has its own domestically

28 Vol. No. 48 • Issue No. 3 • March 2021
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