Has been captured well by this graphic attached. I want to know what are entrepreneurs doing in this circle. Are you letting some staff go or are you cutting salaries? Our small 7 store retail chain has been shut last 2 months now just reopening. Difficult times. more
Industry bodies always excel at selling optimism or pessimism, depending on the need of the hour. They’ve picked the most opportune time to pressurise the govt into submitting for a stimulus package or at least lowering of taxes for the said industries. Of course the grim reality is many facing insecurity over their jobs but many companies operating under these industries have also discovered WFH lowering their operational costs and are rethinking the entire business model. The sector that will take the most hit will be real estate. Everything else shall bounce back, just give it a little time. As for us, we are just shy of 100 employees and are on a hiring spree right now. We see this as a great opportunity to build great teams with great talent. more
We are in Restaurant sector and we believe we may have to lay off at least 20% of our staff. At present we are operating with 15% of staff offering only take away. more
36% students from IIT bombay are unemployed at graduation. Where exactly are we headed as a nation. Imagine the state at NITs and other govt engg colleges. Private colleges to we must forget only. ...
Dumbest thing in GST is using PAN as GST number and Mandating displaying GST number in Sign Boards. So that everyone on street knows our PAN. PAN is used as password in income tax docume...
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 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 dolla...
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 ...
By Sudesh Rai
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