Date: 8th June, 2012
Venue: Hotel Hyatt Regency, Sahar Airport Road, Mumbai

Partnership with Microsoft - mPOWERASIA

As first step, mPOWERASIA exhibited and showcased its capability as a partner of Microsoft during the 29th Skotch Summit held in June, 2012. mPOWERASIA has partnered with Microsoft to promote the proliferation of Performance Monitoring and Strategy Execution using COVENARK® in implementing Strategic, Enterprise, Operational and individual scorecards.

The response to mPOWERASIA's offerings was very well received by a good number of PSUs and Consultants, who work with government of India, being a first time where special attention was given to the importance of monitoring performance aligned to a business strategy to encourage innovation and inclusive growth.

The Skotch summit held in Mumbai was organized by the Skotch Group based out of Gurgaon. It laid focus on how India should realize its growth potential which is a prerequisite for generating surpluses for inclusive growth.

The session kicked off in right earnest with Dr. Deepak Phatak opening the discussion of the plenary session comprising of members Mr. U. K. Sinha, Chairman SEBI, Dr. K. C. Chakrabarty, Deputy Governor RBI, Mr. Joseph Massey, MD & CEO, MCX Stock Exchange, Ms. Manjula Prasher, Secretary (Posts) & Chairman P. S. Board, Department of Posts, Mr. Ravi Saxena, Additional Chief Secretary, Govt. of Gujarat & Dr. Ashima Goyal, Professor, IGIDR by providing them with the platform to "Collect important thoughts from important leaders" so that valuable inputs can be provided to policy makers."

Mr. U. K. Sinha, one of the architects of the pension sector reforms said that there was overall a feeling of dejection and anger among the investors due to the economic scenario in the country and it was not possible for India to take shelter under global economic problems. He urgently advocated speeding up the reforms & resolving major issues related to their implementation.

Economic reform
Dr. K. C. Chakrabarty, Deputy Governor of RBI who spoke at length on the economic reforms and policy processes and implementation challenges the country is facing. He reeled out numbers to buttress his answers as to how Financial Inclusion was on the increase due to the spurt in opening up banks in the rural sector where the population was 2000 or more.

Financial Inclusion
On the topic of financial inclusion, Mr. B. Rajkumar of Indian Bank spoke about their Pondicherry experience where they worked in Managalam village as a pilot project for financial inclusion. However, stress was also laid on financial literacy which would be the driver for banking by other speakers.

Self employment and MSME Sector
On the panel discussion on rediscovering MSME's and self employment Mr. Ajai Kumar, CMD of Corporation Bank spoke as to how this sector is neglected in comparison to the Retail & Corporate Sectors. He also mentioned as to how they were the only bank that fulfilled their targets in the MSME sector by showing a 20% growth, 60% credit disbursements to new entrepreneurs & 100% growth in numbers.

Book Release
The session finally concluded with a book written by Mr. Montek Singh Ahluwalia, Deputy Chairman Planning Commission on Policy Making - for Indian Planning being released by the Chief Minister Mr. Prithviraj Chavan who along with other members of the panel comprising Mr. Montek Singh, Mr. Ashok Jha, Chairman MCX Stock Exchange, Mr. Uday Kotak, EVC & MD Kotak Mahindra Bank, Mr. Rajiv B. Lall, VC & MD IDFC & Dr. Ashima Goyal, Professor IGIDR also discussed the issues and the expected path ahead in policy making for Indian Planning.

Other Inclusion thought leadership roundtables were conducted simultaneously at the venue on the following topics:

  • Building Business for India Post
  • Community participation for growth
  • Financial Literacy - Financial Inclusion
  • Technology & Application trends

Eminent luminaries from various Govt. organizations (both Central & State), Banks, NGOs, Financial Organizations, Insurance, large MNC's with a PAN India presence and Economists attended these panel discussions as speakers.