What Startups/MSMEs/Small Business want from the next Govt

One area where progressive work has been done in the last 5 years is faster company registration, startup laws, addressing angel tax up to a threshold and simplifying GST. However, a lot more needs to be done in the next 5 years, esp towards making doing business on ground easier for startups/MSMEs, eliminating harassment, reducing corruption, enabling a funding ecosystem, simplifying administrative and taxation issues, etc.

We would like to seek your very specific inputs on what you would like the next Government to do. LocalCircles will be working with the senior most Government officials to take up this very important cause and requesting concrete actions within the first 100 days.

We look forward to your inputs! more  

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Air pollution and soil pollution should be reduced.
Water should reach to agricultural field.
Import from other country should be reduced. more  
01. MCA, ROC, GSTN - every such department must have a separate cell to handle and promote Micro and small Enterprises.
02. Compliance certificates and audit report should be self certified with Director DSC for Micro and small enterprises
03. Industrial rates in Electricity meter and consumption, Water meter and consumption might be at par with residential rates
04. The units / cell which has to take care and promote Micro and small enterprises must make it sure that 20% of the projects are coming to the Micro and small enterprises from all PSU, Govt departments and all large companies.
05. Penalty for officers who are against or delaying help to Micro and small enterprise. There must be target for each officers to achieve sales growth in Micro and small enterprise.
06. MSME-1 details should be generated out from GSTN data also and action / notice must be issued to defaulting Medium and large companies. more  
Loan sanction AND disbursement must be decided separately by two different committees at two different locations.
The loan application MUST pass through the credit appraisal committee that s at a 3rd location. The asset offered must have been valuated by a registered valuer.
This helps safeguard the loan to certain extent.
For those with turnover of up to 1 crore (instead of current 50 lakhs) need not waste time in accounts keeping - no need to maintain books of account. Filing of return for them should be simplified. GST will take care of the taxation related revenues in these cases. more  
We have already a wealth of experience on this issue.

Two cases of large scale money squandering by the entire organization, so much so that, the government and even the RBI have agreed to suppress the NPAs in the account statements of Banks, MFs etc. IL&FS and DHFL, both the organization engaged themselves in very large scale money squandering the with full knowledge. The amount exceeding a lakh crore rupees.

How will people believe in the account statements of entities before investing? We have compromised with the basic quality of the account statement: The true refection of the financial position.

Very sad.

Compare this with the online and instantaneous deposition of money by the government.

A huge success, with no leakages, and of course no delay.

So we do have answer.

Remove human interference: Be it discretion or any other issue.

Discuss with all stake holders and make an appropriate software for online approval and dissemination of funds. more  
Only technology can transform India, Mr. Manager.




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On Sat, May 18, 2019 at 8:50 AM LocalCircles Manager <
support@localcirclesmail.com> wrote:

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