Decoding Budget 2014 Series: An initiative to make SMEs understand the Union Budget

Decoding Budget 2014 Series: An initiative to make SMEs understand the Union Budget
Panel Discussion at Decoding Budget Gurgaon event. from L to R: Mr Kunal Singhal, Mr NK Gupta, Mr Alok Gupta and Mr KK Tulshan

Panel Discussion at Decoding Budget Gurgaon event. from L to R: Mr Kunal Singhal, Mr NK Gupta, Mr Alok Gupta and Mr KK Tulshan

The NDA Government in it’s first major policy document as Union Budget indicated an action packed tenure with growth oriented approach for the Indian economy.

On such overview, this year’s union budget holds great prominence for entrepreneurs of the SME segment. But, SMEs eagerly would like to explore specific impacts of Union Budget, particularly on their respective businesses.

With an aim to make the entrepreneurs understand implications and impacts of this year’s budget, Decoding Budget 2014 event series is getting organized. The four-city event series is witnessing great participation from entrepreneurs of Delhi NCR region and Punjab.

The Knowledge Partners for this series is SS Kothari Mehta & Co. and experts on taxation issues have expressed their insights on this year’s union Budget with the participating entrepreneurs.

While addressing a keynote message at Noida event of Decoding Budget 2014 series, Mr MK Srivastava, Commissioner Central Excise, Noida said, “Government is poised to reduce the complexity in documentation and taxation. All this is aimed at ensuring better systems and processes for entrepreneurs. This commitment towards creating a dynamic ecosystem for entrepreneurs is multi pronged so that growth can become exponential for SMEs and for Indian economy.”

Mr KK Tulshan, Senior Partner, SS Kothari Mehta & Co., “Today, we are witnessing great action towards growth and development. Infrastructure development is at high priority and economic reforms are on priority. All this, compliments business and MSMEs in particular.”

Panel Discussion at Decoding Budget Faridabad Event. From L to R: Mr Ramneek Prabhakar, Ms Surabhi Agarwal, Mr KK Tulshan, Mr Naresh Varma, Mr NK gupta and Mr Raj K Pathak

Panel Discussion at Decoding Budget Faridabad Event. From L to R: Mr Ramneek Prabhakar, Ms Surabhi Agarwal, Mr KK Tulshan, Mr Naresh Varma, Mr NK gupta and Mr Raj K Pathak

While inviting suggestions and recommendations from the entrepreneur community on budgetary policies, Mr NK Gupta, Senior Partner, SS Kothari Mehta & Co. said, “We are working closely with the Ministry of Finance and policy makers at the ministry level are open for suggestions and recommendations. At SS Kothari Mehta & Co. we would like to take this opportunity to the level every entrepreneurs who is willing to make any recommendation or suggestion on financial issue that they are facing.”

Naresh Verma, President, Manufacturers’ Association of Faridabad welcomed this initiative and said, “Union Budget is such an important document for entrepreneurs as it directly effects the business. But at the same time, after every budget. Entrepreneur also want to understand it’s impact on their businesses with complete clarity. At this event series, we are delighted to achieve this objective by the interaction from experts from SS Kothari Mehta & Co. who delivered their insightful analysis of Budget 2014.”

The presenting partner for Decoding Budget 2014 is EazyERP.  Mr Kunal Singhal, MD of EazyERP said, “We understand key concerns of SMEs from their financial management perspective. Hence we are supporting Decoding Budget 2014 Series as it is very important for SMEs’ growth to have regular interaction with experts. In today’s competitive environment, SMEs have to stay equipped with up-to-date knowledge and best possible technology which can support their businesses. Hence we came up as India’s first and only TALLY INTEGRATED finance module. It’s system helps to automate the workflow of all departments of the organization which eases the data-flow with accuracy & speed while keeping intact all security checks. Our commitment is towards the empowerment of SMEs.”

Decoding Budget Noida event.  From L to R Mr Raj K Pathak, Mr PC Sabharwal, Mr MK Srivastava, Mr Madan Mohan, Mr NK Gupta, Mr KK Tulshan and Mr Faiz Askari

Decoding Budget Noida event. From L to R Mr Raj K Pathak, Mr PC Sabharwal, Mr MK Srivastava, Mr Madan Mohan, Mr NK Gupta, Mr KK Tulshan and Mr Faiz Askari

Leading Industry associations such as Indian Industries Association, Faridabad Manufacturers Associations, World Association of SMEs, Gurgaon Industries Association, CICU, Gurgaon Management Association and Noida Management Association are supporting this event. Toshiba supported this series as technology partners and gave demo of their Toshiba MFD to participating entrepreneurs.

The four city event series was started on 15th July 2014 at Faridabad and concluded on 23rd July in Ludhiana. The series have also covered cities such as Noida and Gurgaon.

Ape Communications has organized this series with SMEStreet and Pesa4Business as media partners.