Two major trends are playing out in Gujarat’s economy. On one hand, small industrial units are shutting down. This is not a recent development. Micro, small and medium units in the state started getting into trouble about five years ago, well before the central government demonetised high-value currency notes in November and introduced the Goods […]
Monthly Archives: September 2017
Does the KR Rao Committee ring a bell? It was set up last month by the Union Ministry of Mines after the Supreme Court’s tough judgement on illegal iron ore mining in Odisha. Disposing of a petition filed by the non-profit Common Cause, Justice Madan B Lokur and Justice Deepak Gupta not only ordered the […]
Three months ago, when the central government was getting ready to roll out the Goods and Services Tax, the textile industrial cluster of Surat, Gujarat, India’s biggest manufacturer of synthetic fabrics, was distinctly nervous. At play were two conflicting views of how the new tax regime would affect India’s predominantly informal business sector. The government […]
