Women require financial literacy and skills to manage their personal and household finances as well as to develop and manage entrepreneurial activities. They need to know what financial products are available at their disposal and which ones are appropriate for them for their economic development. Keeping these intentions in mind, GCCI’s Women’s Wing organised ‘Financial Literacy for Women’. Chairperson of Women’s Wing Jennifer Lewis Kamat welcomed the gathering and explained the intentions behind the programme.
CA Swatee Rane spoke on the basics of accounting and ways to handle finances, budgeting and forecasting profit and loss and Balance Sheet; and managing cash flow and account books. She also had an interactive meeting with the participants where the audience was divided into groups to understand the nuances of accounting. CS Garima Vasudeva explained in detail the different forms of ownership with examples of suitability for different persons. She also touched upon licenses and compliances and other requirements of incorporation of new business entities. Geeta Joshi from DITC informed the participants about the different schemes offered by the government and the EDC for entities already in business and for unemployed persons wanting to set up a new business enterprise.
The session ended with a Q&A session where the panel of speakers handled questions from the audience. A free GST clinic was set up by a student team from the V M Salgaocar College of Law to clarify any doubts the participants may have about GST, HSN or SAC Code, GST Rates, GST Invoicing, E-filing. The programme had 57 participants and was coordinated by Pallavi Salgaocar, member, GCCI Women’s Wing. The vote of thanks was presented by Colleen Sequeira. The programme was sponsored by Bank of Baroda and Desserts N More