West Bengal Chief Minister Mamata Banerjee introduced that from now on, the investors meet – Bengal Global Business Summit (BGBS) – could be held every year.
The 5th edition of the BGBS changed into hung on February this yr. “Every yr the kingdom government could announce big funding suggestions. It becomes vital to observe up the proposals and give them enough time to be applied before going for clean proposals. So to any extent further, we might arrange BGBS every year,” Banerjee said at the ground of the National Assembly.
The subsequent BGBS would be held in 2021, she later said. Her assertion comes within the backdrop of BJP accusing the TMC authorities of “failing” to bring in enough investments within the kingdom, accordingly developing a dearth of jobs within the state. The opposition Congress and BJP mocked Banerjee and stated the assertion is a type of confession that the country authorities have “failed” to attract any funding inside the kingdom.
“Everybody is well aware of her anti-industry image and extortion racket; this is being run using TMC inside the country. So throughout TMC rule, there was no huge ticket funding in Bengal,” BJP kingdom president Dilip Ghosh stated. Leader of competition Abdul Mannan of the Congress echoed Ghosh’s view and stated the national government must provide you with a listing of industries that have to arise in Bengal in closing eight years in the course of TMC rule.
One is probably led to accept that profit is the main objective in business, but in fact, it is the coins flowing inside and out of an enterprise that keeps the doors open. The concept of earnings is particularly slender and most effective looks at expenses and profits positively in time. Cash flow, alternatively, is a greater dynamic inside the sense that it is involved with the motion of money inside and out of an enterprise. It is concerned with the time at which the movement of the cash takes region.
Profits do now not always coincide with their associated cash inflows and outflows. The net result is that money receipts frequently lag cash bills, and while income can be stated, the commercial enterprise might also revel in a short-time period of coins shortage. For this purpose, it’s miles essential to forecast coin flows as well as undertaking probable profits. In these terms, it’s miles important to recognize how to convert your accrual profit for your cash float earnings. It would help if you kept enough coins available to run the business, not to forfeit viable income from different uses.
Why accounting is needed
Help you to operate better as an enterprise owner
Make well-timed choices
Know when to lease a team of employees
Know how to feed your merchandise
Know the way to label your price objects
It helps you to decide whether or not to enlarge or not
Helps with operations projected expenses