SIMPLE THOUGHTS ON THE GALA INTERNSHIP PROGRAM ANNOUNCED IN BUDGET 2024

The latest budget presented by Hon’ble Finance Minister has tried to earn many brownies (credits) for introducing the concept of internship.It is stated in the budget speech itself that Rs.5000/- per month per intern will be financed through the budget in addition to Rs.6000/- to be paid extra for worker on his or her enrollment as an intern. In other words, the trainees will get at least Rs.5000/- per month for a duration of 1 year. It is further stated that the top 500 companies (employers) ...

SOME SUGGESTIONS IN THE ACTUAL INTEREST OF THE MSME SECTOR

Slogans like “ MSMEs are the backbones of our economy” and many such slogans praising and highlighting the importance of the role that MSMEs  in the economic development are well known to all of us particularly because we have been hearing that almost since several decades. Though I admit that beside dishing out slogans, a lot of efforts have been placed by the Government and the Banks to encourage and help the MSME sector so as to enable them to successfully survive in ...

Some Concerns about GST …..

We are all quite aware about the rapid rate at which GST collections are rising . It certainly is a good sign . But, I have some issues which I feel need to be addressed 1... The entire working of GST collection is quite digitally managed . Now as we know, the MSME and rural businessmen have to face a huge challenge while complying with the strict time bound requirements of GST compliance due to being less organised and non e savvy culture yet . This leads to huge unclaimed credits of ITC whi...

Stitching Unanimity

Over a long long time, I have been noticing that not only in the corporate world but also in political circles, almost all decisions are taken unanimously. Even a note or reference to dissent expressed by a member is tried to be avoided in the proceedings, if and when they are minuted. That is fantastic isn't it ? But we all know that in reality the situations are quite different. I tend to believe that to disagree or to have another point of view is always seen as a dissent. There is therefo...

Middle class in middle of GST

It is the fact, worth being proud of, that the collection of GST in India is consistently crossing the expected levels. In fact, it is being looked upon as a major source of funds for the economy. But the fact remains that it is an indirect tax. It hits each one of us. A toothpaste bought by a common man will have the same element of GST as the GST element which the richest individual will bear. This causes an area of concern. I wonder as to whether there can be any method by which the lower...