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SCOPE (Standing Conference of Public Enterprises), apex body of Public Sector Enterprises compliments the Hon’ble Finance Minister in presenting a visionary & progressive budget focussing on the long-term agenda of growth by developing an international infrastructure through ‘new-age’ announcements. While appreciating the Budget, Mr. Atul Sobti, Director General, SCOPE said that the Budget is inclusive and has given the right impetus to infrastructure while balancing it with penetration and building new digital ecosystem. “Overall, a futuristic budget with increased capex, new schemes, incentivising domestic industries, impetus on digitalisation and skill development, thereby bolstering the upward trajectory of growth”, he added.

8th February, 2021
Mulling over the impact of the Union Budget 2021, Standing Conference of Public Enterprises (SCOPE) organised a webinar on ‘Decoding the Union Budget 2021.’Prof. N. R. Bhanumurthy, Vice-Chancellor, Bengaluru Dr. B. R. Ambedkar School of Economics University; Mr. Rakesh Kumar, CMD, NLCIL & Chairman, SCOPE and Mr. Atul Sobti, DG, SCOPE addressed the webinar. Detailed presentation on the impact of the Budget provisions was made by senior partners and subject matter experts from Deloitte.About 500 participants including board members and senior official from PSEs attended the webinar through SCOPE’s various platforms.

Addressing the participants, Prof. N. R. Bhanumurthystated that the Budget will accentuate the growth by invigorating the economic and infrastructural developmentof the country. He said that fiscal policy shall take a lead to enable overall macroeconomic stability of the country.

In his address, Mr. Rakesh Kumarsaid that the Budget stimulates strategic sectors and reflects on renewed impetus to green initiatives. While highlighting key aspects of the Budget, he reiterated on the constructive role of PSEs in the overall economic development of the country.

DG, SCOPE while appreciating the Budget said that infrastructure, social sector and policy reforms shall prove catalytic for growth. He added that in light of ease of doing business and conciliation mechanism announced, SCOPE Forum of Conciliation and Arbitration (SFCA)can play an important role in the new landscape.

1st February, 2021
SCOPE (Standing Conference of Public Enterprises), apex body of Public Sector Enterprises believes that announcements by the Hon’ble Finance Minister shall pave way for a faster rebound of the Indian economy on the growth path.Mr Atul Sobti, Director General, SCOPE said that the Union Budget shall further affirm the positive boost to the previous reforms announced by the Government. He complimented the Budget proposals giving thrust to AtmaNirbharta mission by focussing on critical growth sectors like infrastructure, power, roads, ports and health. Government has given much needed boost to Indian economy to retrace the development path and reposition it on the global map, he added.

4th February, 2020
SCOPE organized program on “Implications of Union Budget 2020” to familiarize Public Sector executives about the Budget, which was also Webcast live. Mr. Atul Sobti, Director General, SCOPE, Mr. S.K. Gupta Director (Finance), IOCL ,Prof. N.R. Bhanumurthy of National Institute of Public Finance & Policy and Mr. Sumit Singhania, Partner, Deloitte Touche Tohmatsu India LLP. addressed the inaugural session.

Mr. Atul Sobti, DG, SCOPE in his address appreciated Government’s strong impetus to both investment and consumption - the key drivers in boosting the economy. Calling the budget inspirational, Mr. Sobti said the focus on all sectors has given Public Sector Enterprises (PSEs) a more imperative role in contribution to the overall economy.

Mr. Gupta, Director (Finance), IOCL laid emphasis on Direct and Indirect Taxes as tax management is a very important topic leading to savings in organisations.

Prof. Bhanumurthy gave the macro perspective of the Budget and said that it addressed several issues while aiming to make India $5 trillion economy. Deloitte Touche Tohmatsu India LLP., the knowledge partner of the program gave presentations on various aspects of Union Budget 2020 during the program, which was attended by a large number of senior officials of PSEs.

December 3, 2019
Standing Conference of Public Enterprises (SCOPE) in association with The Institute of Company Secretaries of India (ICSI) organized an Interactive Program on “Recent Changes under the Companies Act 2013”. Mr. Ranjeet Pandey, President, ICSI, Mr. Atul Sobti, Director General, SCOPE and Mr. S. Sakthimani, Director (Finance), CCI addressed the inaugural session. The session was attended by a large number of senior executives from over 50 public sector enterprises from across the country.

Mr. Ranjeet Pandey, President, ICSI discussed the way process for good corporate governance in PSEs. He focused on the usage of artificial intelligence in the compliance management as well as compliance monitoring.

Mr. Atul Sobti, DG, SCOPE mentioned that the new Companies Act makes the corporate model citizens of the country with equal importance to ‘good’ profit and governance. He outlined that amendments in the Companies Act attempts to strike a balance between ease of doing business and corporate governance.

Mr. S. Sakthimani, Director (Fin), CCI emphasized on rules and regulations relating to Companies Amendment Act, 2019 including independent directors.