| ICCC Newsletter |
| December 2016 |
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Letter from the President: Preparing for India Mission 2017
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Arun Srivastava |
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A good day to all of you.
It’s time for holidays and year-end festivities, and a time to welcome the New Year. It’s a time when most of us take a break.
But at the Indo-Canada Chamber of Commerce we are busy preparing for our annual India Mission.
The India Mission will commence from January 2, will be visiting seven Indian cities, participating in the annual Pravasi Bharatiya Divas and the Vibrant Gujarat convention before returning to Toronto on January 14.
The Mission will focus on the sunrise sectors of Canada-India economic ties such as agriculture and food processing, skills development, clean technology, smart cities and health care.
I am delighted to announce that the Mayor of Mississauga Bonnie Crombie will be joining ICCC’s India Mission 2017.
Mayor Crombie, a keen India-watcher, has consistently promoted stronger bilateral ties with India, and is keen to explore fresh avenues of collaboration.
Our delegation will include entrepreneurs from Canada, and our effort will be to assist them forge mutually beneficial links with entrepreneurs in India.
For this purpose, we will be organizing B2B meetings in all the seven cities we will be visiting.
The cities on the India Mission 2017 itinerary are Mumbai, Kolkata, Hyderabad, Bengaluru, Ahmedabad, Gandhinagar, and New Delhi.
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| Click here to read the: Letter from President |
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| Insight: Demonetisation Demythified |
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Bibek Debroy |
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WE NEED TO dispose of some preliminaries first. ‘Demonetisation’ means that some kind of currency unit loses its status as legal tender. This is different from a currency being withdrawn from circulation. A currency unit may be withdrawn from circulation, but can continue to remain legal tender. In America, Section 102 of the US Coinage Act of 1965 is a guarantee against any future demonetisation. ‘All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues.’ It is important to make this point, since there are misinformed reports that the US ‘demonetised’ high-denomination notes in 1969. What was done was withdrawal from circulation, not demonetisation. The European Central Bank’s (ECB’s) decision on the €500 note is no different.
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Bibek Debroy is an economist and member of the NITI Aayog.
This piece was originally published in Open Magazine (India)
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A brief summary of the most
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during the last month.
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A quick recap of the recent
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This month's
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in fall 2016
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| ICCC's India Mission 2017 |
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| January 2 to January 14, 2017 |
- Seven cities, multisector mission from January 2 to January 14
- Collaboration with Canadian High Commission in New Delhi, Consulate General of India in Toronto, City of Mississauga
- For the first time, West Bengal included in the itinerary
- Participation in the 14th Pravasi Bharatiya Divas in Bengaluru
- ICCC to be Partner Organization at Vibrant Gujarat 2017
Indo-Canada Chamber of Commerce (ICCC) invites you to participate in its India Mission 2017 from January 2-14, 2017. The business mission will visit Mumbai, Kolkata, Hyderabad, Bengaluru, Ahmadabad, Gandhinagar and New Delhi. The mission will participate in Pravasi Bharatiya Divas 2017 convention and Vibrant Gujarat 2017 (ICCC is a partner organisation).
Our Chamber will be arranging briefing sessions with the Canadian Trade Commissioners Service, meetings with Indian federal and state government officials, business leaders, and decision-makers, and interactive sessions with chambers of commerce, and industry associations.
Our past missions have also seen participation by senior federal leaders, provincial leaders and leaders working at the grass roots levels. The mission agenda comprises business to business meetings, roundtable discussions, business receptions and seminars in all these cities. As you might aware of ICCC’s previous India Missions, chamber promoted Canadian small businesses in the emerging Indian market.
In an attempt to make the forthcoming Mission more sharply defined, and make your valuable time in India more meaningful, the ICCC is focusing only on sectors that are of significance to both the Canadian and the Indian economies, and to bilateral trade such as Agriculture & Food Processing, Skill Development, Clean Technology, Smart Cities and Health Sector.
Click here for complete delegation package: India Mission 2017
Click here for registration form: IM2017-Registration
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