-ThePrint.in GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments. The introduction of the Goods and Services Tax or GST was supposed to create a unified market of 1.4 billion people and encourage entrepreneurship and job creation. The other aim was to bring more and more firms into the formal sector of India’s economy, which will help expand the tax...
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From diamond to dust: Five years after demonetisation in India -Aarefa Johari & Rohan Venkataramakrishnan
-Scroll.in The shock move devastated India’s informal economy. Many small businesses never recovered, as a supply chain at the intersection of diamonds and plastic shows. Up till 8.30 pm on the night of November 8, 2016, Muniram Yadav was blissfully unaware of the announcement that had shaken the country just thirty minutes before. He was engrossed in work, in a tiny workshop in Mumbai’s Sakinaka suburb, supervising four labourers as they carried...
More »‘Process is punishment, govt loves paper’: MSMEs call out unease of doing business in India -Nikhil Rampal
-ThePrint.in Entrepreneurs on social media have been listing pain points of sustaining businesses in India, noting the many compliances and how digitisation hasn't made processes particularly easy. New Delhi: Multiple compliances, large volume of paperwork and a hostile environment are some of the reasons behind the unease of owning small businesses in India, according to entrepreneurs in the country. Several such entrepreneurs took to social media in the past two days to air...
More »Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh
-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...
More »Six-fold increase in people suffering famine-like conditions since pandemic began
-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...
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