Barely 30-40 per cent of the MSME units in industrial clusters in and around the pink city are functional, and working to less than half their capacity. Lack of any monetary relief is their main grievance.
There are several laws on paper to ensure compliance with safety standards, but an apathetic state has rarely cracked down on violators. The result: rampant industrial mishaps.
With the Centre’s new guidelines to slowly kickstart the economy, Odisha, too, has announced partial lockdown relaxation. But the problems that formal and informal sectors here face now is representative of what all states will have to tackle post May 3rd.
With the new Goods and Services Tax all set to roll out on July 1st, it’s high time for all to be aware of the changes that it brings and its impact on various categories of taxpayers. Akshatha M explains.
