The implementation of Goods and Services Tax (GST) has put India in a very unique position globally as it transmitted the message that the country can transform things if it wants, said Promoth Manghat, CEO, UAE Exchange. He was speaking at Destination Kerala Business Mixer held at Kerala Management Association (KMA) hall here the other day.
“Everyone hailed GST as a visionary constitutional movement. Countries across the globe are seeing it as transformation decision. I think GST is a perfect reform. GST has really positioned India externally very well. India has sent a message globally that country can transform things if it wants ,” he said.
On demonetisation, Promoth said we have to wait and watch whether the government move brings the intended result. “International media has not taken the move as a great step forward. Definitely we have to wait and watch what are the tangible benefits which Prime Minister Narendra Modi has perceived the yield out of demonetisation,” Promoth said.
He added that although there was an operational difficulty for business there is also a positive impact. “Cash business nosedived but it has driven up electronic transactions. People started opening bank accounts. They started natural adoption to digital platform. It is a fact that there was an operational difficult but there is a positive impact,” he said.
He added that UAE Exchange is focused on digitisation. “Digitisation is very important. Digital is the new way of doing things.” Promoth also spoke in detail about his humble beginning from Nenmara in Palakkad district and scaling the heights. “The aspiration to make a difference in your life, hunger, that was always there. That is what made people from middle income background successful. They always think like – We have done, what next. That was their basic culture acquired during childhood and during time of instilling of education. It helps you to maintain the rhythm, gives you a good framework and thought process going ahead.”
Vivek Krishna Govind, President, KMA moderated the interactive session in which George Antony, Managing Director, UAE Exchange India; Deepak Aswani, Managing Director, Lachmandas and Sons; Jose Kunnappally, Chief Editor, Destination Kerala; Athul Lal A G, Executive Editor and others attended the function.
Kochi: The inaugural edition of CCKK (CEOs Croon for Kerala Kids), Destination Kerala business magazine’s social responsibility platform
Kochi, July 28
Destination Kerala organised its second edition of the CEO Roundtable presented by RADO Switzerland and powered..
Kochi, May 7
The sixth edition of Hotel Tech Kerala - 2016 will be held at Samudrika Convention Centre, Willingdon Island, Kochi from...
Thiruvananthapuram, March 15
India Tourism Secretary Vinod Zutshi IAS and Indian Ambassador to Germany Gurjit Singh IFS jointly releasing Destination Kerala’s ITB Berlin 2016 special issue...
Berlin, March 10
Dr. Azad Moopen, Chairman, Aster DM Healthcare, MIMS and DM WIMS flipping through the special supplement brought out by Destination Kerala...
Kochi, October 31
Veteran Actor Madhu releasing the book ‘Sathyan: Arangilum Aniyarayilum’, a fictional biography of matinee idol Sathyan...
Thiruvananthapuram, November 29
Kerala IT had a spectacular showing at the just concluded 35th edition of GITEX Technology Week in Dubai. A high power delegation led by Technopark...
Dubai, October 15
Confederation of Indian Industry (CII), in association with Government of Kerala is organising Kerala Health Tourism (KHT) 2015...
Kochi, September 20
Indus Entrepreneur (TiE) Kerala chapter’s annual convention, TiEcon Kerala 2015 will be held at Hotel Le Meridien in Kochi on November 6 and 7...
Kochi, September 20
Destination Kerala editorial team will attend Arabian Travel Market (ATM) 2016, the leading global event for the Middle East inbound and outbound travel industry...
Thiruvananthapuram, February 28
Destination Kerala Business Magazine Newsstand App is now available on iOS and Android platforms. Download on the App Store for both iPhone and iPad devices...
Thiruvananthapuram, February 28
The first edition of RADO Switzerland presents DESTINATION KERALA CEO ROUNDTABLE: The Growth Dialogues powered by INKEL will be held at Le Meridien Kochi...
Kochi, January 1
Destination Kerala has been appointed Media Partner for the seventh edition of India International Travel Mart (IITM) scheduled to be held in Kochiat the Rajiv Gandhi Indoor Stadium...
Kochi, December 23
Kerala Chief Minister Oommen Chandy formally launched the new website of Destination Kerala magazine www.destination-kerala.com at a function in his chamber today.
Thiruvananthapuram, 03 August 2015
Thiruvananthapuram-based trade publishing house Destination Business Media and Mumbai headquartered digital agency Aurum Communications
Thiruvananthapuram, 25 July 2015
Thiruvananthapuram-based trade publishing house Destination Business Media (DBMPL) today announced the appointment of Athul Lal A G as editorial director.
Thiruvananthapuram, 06 July 2015
Destination Kerala, the leading English language business monthly in the State, has announced an ownership change and expansion of its leadership team.
Thiruvananthapuram, 11 June 2015