Telangana Finance Minister Harish Rao says CFOs are backbone of companies
CFOs, according to Finance minister T. harish rao, are the foundation of organisations. If CFOs are strong, organisations will be strong, which would lead to growth in the indian economy and advancement of India. Speaking on friday at the CII Telangana's fourth annual "CFO Conclave 2023" with the topic "Transcending New Frontiers: technology, Sustainability and Governance," the minister was representing the state of Telangana.
The minister stated that CFOs should adopt best practices and ideas to strengthen firms in addition to managing finances, balance sheets, loans, and repayments. The minister emphadata-sized the advancements made in telangana and credited them to the use of technology and efficient governance. Examples given by harish rao include the dharani portal and the adoption of Direct Beneficiary Transfer for money.
The minister praised the Chief Minister's visionary leadership and compared his multifarious position to that of a CEO, CFO, and politician. He took pleasure in how Telangana's development strategy dispelled early concerns and turned into an example for other states in the nation. T harish rao remarked that telangana had overcome difficulties like power outages, industry-specific power holidays, and migrations. He also emphasised the state's accomplishments in the agricultural field, specifically how it outperformed punjab in the paddy-growing industry.
The minister emphasised the government's dedication to the welfare of its citizens by mentioning Rythu Bandu, Mission Bhagiratha, free electricity for farmers, and irrigation projects. He urged the CFOs to share their ideas for the advancement of the state and reassured them that the administration is open to finding solutions to any problems data-faced by businesspeople. Speaking at the conference were the Chairman of CII telangana, C. Shekhar Reddy, the Convenor of the CII cell on Ease of Doing business Panel, V. Narasimham, the Managing director of Pavestone Capital, V. lakshmi Kanth, and the Co-Convenor of the Ease of Doing business Panel and Co-Founder, Consark anand Daga.
The minister stated that CFOs should adopt best practices and ideas to strengthen firms in addition to managing finances, balance sheets, loans, and repayments. The minister emphadata-sized the advancements made in telangana and credited them to the use of technology and efficient governance. Examples given by harish rao include the dharani portal and the adoption of Direct Beneficiary Transfer for money.
The minister praised the Chief Minister's visionary leadership and compared his multifarious position to that of a CEO, CFO, and politician. He took pleasure in how Telangana's development strategy dispelled early concerns and turned into an example for other states in the nation. T harish rao remarked that telangana had overcome difficulties like power outages, industry-specific power holidays, and migrations. He also emphasised the state's accomplishments in the agricultural field, specifically how it outperformed punjab in the paddy-growing industry.
The minister emphasised the government's dedication to the welfare of its citizens by mentioning Rythu Bandu, Mission Bhagiratha, free electricity for farmers, and irrigation projects. He urged the CFOs to share their ideas for the advancement of the state and reassured them that the administration is open to finding solutions to any problems data-faced by businesspeople. Speaking at the conference were the Chairman of CII telangana, C. Shekhar Reddy, the Convenor of the CII cell on Ease of Doing business Panel, V. Narasimham, the Managing director of Pavestone Capital, V. lakshmi Kanth, and the Co-Convenor of the Ease of Doing business Panel and Co-Founder, Consark anand Daga.