I have been doing and promoting small business for the last 30 years. The real problem is that the ministers and their secretaries don't have practical experience and they look for 5 trillion dollar economy through the mega players only. The MSME ministry has utterly failed to create the required ecosystem for it and believe in 'tall talks and no walks' just to please their political super-boss. Indian Ministers strongly believe in promising building bridges where there is no rivers. All hoax! more
disagree with Amit though bureaucrats ( not Technocrats ) are a problem as there is lack of Domain expertize in all departments but have visited Smart City expo and Def expo ( my domains) there i found the secretaries were technocrats and not bureaucrat's and were more efficient than the entrepreneur's and corporate heads and their style of working was that of CEO's heading a global MNC ( as most of them have resigned from global MNC's and joined Ministries on behest of central govt. leadership , maybe more needs to be done as its been now 70 years of lacklustre and non performing sycophant environment which existed in all form of govts. more
I run an MSME myself. I recall the times 2-3 decades ago when Sales Tax Officer was a terror and used to visit unannounced, trying to poke his nose in all kinds of things. Same was the case with officials from the Income Tax department or Central Excise. Now in last 20 years, I have had my company accounts scrutinized only once when we made significant capital investments and the accounts were accepted as it is without any demand. For over a decade we have not faced any scrutiny. Somewhat similar is the case with GST - you file monthly returns and be done with it. Up to Rs. 2 crore turnover, you don't even need to file annual return. We do not pay monthly bribe to electricity department eiven and our account is up to date with online bill payments. more
MSMEs must create an all India trade body having state wise chapters.The trade body could take up with respective governments on advocacy for MSMEs.The name of such a body could be All India MSME Promotion council more
Its highly impossible for Government servants to work without a bribe. B'cos most of them pay money to get jobs, to stop transfers, to revote suspension, etc. With regard to Politicians, they all spend crores and crores of rupees to win elections and they won't accept an environment which is devoid of Corruption. It would be more deadlier than Coronavirus for them. Corruption is the lifeline for Politicians and Bureaucrats.....The meter will run from day 1. The hallmark of Government services is 'No accountability, no responsibility, no punctuality, no deadline, etc. For example, even GST (God Save Taxpayer) department, which is just 4 years old, is having lot of issues, as reported by CAG in its audit report. more
Google India hiked the rate of business mail by 350 %. With fear of recession looming and when msme are struggling this is not the right thing to do. It will cost msme sector 5000 crore per year...
Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...
Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...
Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...
What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...
I find it quite interesting that the ministers want to deal only with tata adani ambani and not the real msme and startups. Why is the msme minister (appointed this week Narayan Rane) his secretary...
FICCI the industry association has written to Centre saying most of 40000 ventilators manufactured under PM Cares Fund last year are lying unused at government facilities. Mainly due to negligence ...
Friends this is Aditya from New Jersey. A friend of mine from Brazil recently lost 3 members of his family back home to Covid. The P1 variant is most dangerous of all and is now invading neighbors ...
none of the administrators who are lucky to get into govt seats have practical field experience and they are not aware of the strains of small entrepreneurs. They always imagine that any entrepren...
By Subramanian Venkataraman
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