New Delhi: Standing Conference of Public Enterprises (SCOPE), the apex body of PSEs organised its sixth webinar on ‘Financial Planning and Liquidity Management in Current Pandemic Scenario’ with eminent experts from KPMG to address the concerns and need for effective financial planning and liquidity management. The interactive webinar saw the participation of over 300 PSE executives including CMDs and Directors.
The webinar was addressed by SCOPE's Director General Atul Sobti, FACT's CMD & Vice Chairman of SCOPE Kishor Rungta and GAIL's Director (Finance) AK Tiwari. KPMG team comprising of Venkateswaran Narayanan (Partner) KPMG India and Shamit Mukherjee (Partner) KPMG India presented the initiatives of the government to ease liquidity for the corporates and along with possible corporate behaviour and planning that can help them achieve effective financial planning with liquidity. They highlighted how the top management should follow good discipline with respect to cash, capital, cost and customer to ease liquidity pressures on their companies
In his address, Sobti complimented the PSEs in being committed to the nation to overcome the current crisis. He added that the webinar is very timely given the stimulus package announced by the Government to manage corporate liquidity. He further said that while the given situation is a pandemic but with efficient planning and management, organisations can strike a balance in optimising operations and use of resources.
Rungta spoke about the handholding role being played by the PSEs and the need to not focus on maximising profit but minimising loss by all organisations. Tiwari in his closing remarks appreciated SCOPE in addressing the subject in a timely manner and urged the public sector to focus on relationships and then profit.
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