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You are here: Home / Archives for Nasheman

Will have to take military way if India doesn’t listen, warns China

July 4, 2017 by Nasheman

Chinas flag

Beijing: China would be forced to use a “military way” to end the standoff in the Sikkim sector if India “refuses to listen” to it, a Chinese expert has warned.

As the standoff at the Doklam area continued for the third week, the longest between the two countries, the official media and the think-tanks here have said that “war is possible if the conflict between India and China is not handled properly”.

“China is trying its best to use historical lessons to reason with India and show sincerity in peacefully solving the problem, but if India refuses to listen, then China would have no other choice than to use a military way of solving the problem,” Hu Zhiyong, a research fellow at the Shanghai Academy of Social Sciences, told the state-run Global Times.

Hu claimed that India is provoking China because it wanted to prove to the US that it could contain China while Prime Minister Narendra Modi was in the US.

But Hu said Trump was not like his predecessor Barack Obama.

“Obama believes India is important only because they share the same values, but Trump is very pragmatic, and he doesn’t treat India as a valuable ally because New Delhi is too weak to confront Beijing,” Hu opined.

Although India always treats China as its biggest rival, China does not think so as India lags far behind China, Song Zhongping, a Beijing-based military expert, was quoted as saying by the daily.

“Experts also scoffed at India’s military threat after Indian Defense Minister Arun Jaitely asserted on Friday that the India of 2017 is different from what it was in 1962,” said the report in the daily, known for its nationalist stance.

“The gap between the militaries of China and India today is even bigger than in 1962, and I hope India can keep calm for its own good,” Hu said.

Since the standoff on June 6, when the People’s Liberation Army (PLA) destroyed bunkers of the India Army claiming the area belonged to China, Chinese media have carried several pieces warning India for escalating border tension and “reminding” the Indian Army about the 1962 war.

Of the 3,488-km-long India-China border from Jammu and Kashmir to Arunachal Pradesh, a 220-km section falls in Sikkim.

(Agencies)

Filed Under: India

Sayre Therapeutics Enters Exclusive License and Distribution Agreement for India with Navidea

July 3, 2017 by Nasheman

Sayre Therapeutics

India: Sayre Therapeutics with a portfolio of oncology and immunology focused commercial products, has entered into an exclusive license agreement with Navidea Biopharmaceuticals, Inc. (NYSE MKT: NAVB) (“Navidea”), a company focused on the development and commercialization of precision immunodiagnostic agents and immunotherapeutic, for the development and commercialization of Tc 99m tilmanocept in India.

The receptor-targeted, radiopharmaceutical imaging agent was approved by the U.S. Food and Drug Administration in 2013 and by the European Medicines Agency in November 2014 under the brand name LYMPHOSEEK®. Tc 99m Tilmanocept is already commercialized in three major European Countries along with the US and represents Next-Generation Standard of Diagnosis for Sentinel Lymph Node Detection. Tc 99m Tilmanocept is approved for guiding sentinel lymph node biopsy in patients with clinically node negative breast cancer, squamous cell carcinoma of the oral cavity, or melanoma.
Shukrit Sudhir Chimote, CEO, Sayre Therapeutics, stated, “Our collaboration with Navidea is a testament to our efforts in introducing innovative cancer products to the Indian subcontinent. Sayre is committed to the access and availability of life-saving medicines in South Asia, to benefit the patient community and improve their quality of life.”

Praveen Bose, Senior Vice-President, Sales & Marketing, Sayre Therapeutics, stated, “Cancer of the breast affects approximately 155,000 patients in India every year. Tc 99m tilmanocept, the only targeted radio-diagnostic will be a welcome addition to the current armamentarium. In an US study of 31 patients, Tc 99m tilmanocept exhibited high specificity for identification of cancer affected lymph nodes, ensuring accurate staging and treatment of patients. In another study of 148 patients, Tc 99m tilmanocept identified more cancer affected lymph nodes per patient than conventional method of staining with vital blue dye. This targeted detection of higher number of lymph nodes, ensures precise staging of disease and appropriate therapy of patients. Cancer of the head and neck is a dreaded disease in India affecting approximately 160,000 patients every year. Currently Elective Neck Dissection (END) is the gold standard for assessment of spread of tumor to lymph nodes in patients with head and neck cancer. In a study of 101 head and neck cancer patients in the US, Tc 99m tilmanocept provided a high Negative Predictive Value (NPV), identifying correctly the lymph nodes that were free of cancer. This means, Tc 99m tilmanocept can be used to assess cancer spread in head and neck cancer patients, sparing the potential morbidity associated with END and offer better QOL (Quality of Life) to these patients.”

Filed Under: Business & Technology

Global Direct Selling Industry clocked USD 183 Billion in retail sales, says World Federation of Direct Selling Associations Report

July 3, 2017 by Nasheman

World Federation of Direct Selling Associations

New Delhi: Even as online shopping is fast catching up and large malls are offering multibrand retail variety to customers, the traditional and oldest method of direct selling is also entrenching itself in the market place. According to a recently published report of the World Federation of Direct Selling Associations, the retail sales of the Direct Selling Industry stood at USD 183 billion globally. The Asia Pacific region was the highest contributor with as much as 46 per cent of sales coming from this region.

The US was in the second spot with 33 per cent of the sales while Europe brought in 20 per cent. Africa and the Middle East were the lowest in terms of retails sales with just about 1 per cent of the global sales coming from that region. Total retail sales of USD 183 billion in 2016 were up 1.9 per cent from the previous year and have been growing at a healthy pace of 5.20 per cent.

In 2016 the total retail sales reported by the Asia Pacific region stood at USD 83.75 billion up 1.10 per cent from the previous year. The industry has been growing at a 3-year CAGR of 6.70 per cent in this region. The potential of the Indian market can be gauged from the numbers as the Direct Selling industry in India is close to USD 1.18 billion. Also, as per the report, among the various categories of goods that the industry sells, Wellness occupies the top slot, contributing to 35 per cent of the total sales. This is closely followed by Cosmetics & Personal Care which bring in 35 per cent of the sales, while Household Goods & Durables account for 12 per cent. Other categories such as Clothing & Accessories, Home Care, Utilities, Financial Services and others bring in the rest.

Considering this trend, a lot of companies are now expected to launch their products in the Indian market, especially in the wellness and the cosmetics and personal care categories. Existing companies such QNet have already braced themselves up for the bright future that they see and have already began launching new products. The industry also holds a good position on one more important parameter – the number of entrepreneurs that it has been successful in creating over the years. The total number of independent representatives registered globally in this industry stand at a little above 10 crore as of 2016 while there are more than 40 lakh Indians who have embraced this industry as a source of living. The large number of employable population that India produces calls for huge number of employment generation or creating opportunities for self employment.

The Direct Selling Industry with its capability is a likely solution to this problem. This billion-dollar industry has been growing in India despite various issues ranging from a widely misconstrued business model to lack of a proper regulatory framework. Various multinational direct selling companies that set up shop in India have had their fair share of run-ins with the law.

‘The lack of a proper regulatory authority to oversee the business of direct selling companies in India led to many complaints. Despite some difficulties, we are quite upbeat about India. In fact QNet will be launching new products in the Indian market over the next three to four months. These health and personal care products have done extremely well in global markets. We are launching these products in India with locally sourced ingredients.” said Trevor Kuna, global CEO of QNet elaborating on the future plans of the company.

The Direct Selling Guidelines issued by the Ministry of Consumer Affairs have paved the way for a more structured and disciplined business environment for companies. The government’s move towards implementing the GST Act will further help companies in India. The industry expects clarity in policy for it and with the steps taken by the Ministry to facilitate ‘Ease of doing business’ and MNCs will start putting India on their investment map. QNet has already committed an additional investments of Rs. 300 crs in the next 5 years and is launching 8-10 new products in the current year.

(UNI)

Filed Under: Business & Technology

Gulf crisis: Qatar FM in Kuwait to respond to demands

July 3, 2017 by Nasheman

Response will be the focus of a meeting on Wednesday between ministers from Saudi Arabia, Egypt, Bahrain and UAE.

Mohammed bin Abdulrahman Al Thani,  has previously dismissed the list of demands.  [Reuters]

Mohammed bin Abdulrahman Al Thani, has previously dismissed the list of demands. [Reuters]

by Al Jazeera

Qatar has delivered its response to a list of 13 demands from Saudi Arabia and three other Arab countries that cut have ties with it and imposed a land, air and sea embargo amid a major diplomatic crisis.

Mohammed bin Abdulrahman Al Thani, Qatar’s foreign minister, was received by Kuwait’s Emir Sheikh Sabah Al Ahmad Al Sabah on Monday to hand over a letter from Qatar’s emir, according to state-run Kuwait News Agency.

Kuwait is mediating in the dispute. The content of the letter has not been released.

Qatar’s response will be the focus of a gathering in the Egyptian capital of Cairo on Wednesday of foreign ministers from the four blockading countries: Saudi Arabia, Egypt, Bahrain and the United Arab Emirates.

Al Jazeera’s Saad al-Saeedi, reporting from Kuwait City, said there was “a sense of relief, tinged with caution” in Kuwait.

“Qatar’s response to the demands was handed to the emir, followed by an extensive meeting between the Qatari foreign minister and his Kuwaiti counterpart for more than one and half hours. After that, the Qatari foreign minister headed to the emir of Kuwait’s residence to attend another meeting over lunch before his departure,” he said.

“The meetings reflect Kuwait’s intense activity at the highest levels, from the emir down. Some sources suggest that the Kuwaiti foreign minister will join the four countries meeting in Cairo on Wednesday,” Saeedi said.

“It is clear that a breakthrough is being achieved; that some of the demands could be addressed.”

‘Different strategy required’

The four countries severed diplomatic ties with Qatar and imposed sanctions on it on June 5, accusing it of supporting “terrorism”. The allegation has been rejected by Doha as “baseless”.

After more than two weeks, the four countries gave Doha 10 days, or until Sunday night, to comply with a 13-point demand list in exchange for the end of the anti-Qatar measures.

The demands included that Qatar shut down the Al Jazeera Media Network, close a Turkish military base and scale down ties with Iran.

Sultan Barakat, director of the Centre for Conflict and Humanitarian Studies at the Doha Institute, said it had become clear that the initial action by the Saudi-led group had not been effective.

“The fact that most international capitals have not supported the move is a very good indication to Saudi Arabia and UAE that a different strategy is now required,” he told Al Jazeera.

“The best way forward is to go back to the Gulf council and tackle the issue from within the arrangement and framework that exists.”

Qatar’s foreign minister has already said that Doha would not meet the demands, saying the list “was meant to be rejected”.

Speaking on Saturday, the foreign minister said Doha offered instead “a proper condition for a dialogue” to resolve the Gulf crisis.

US President Donald Trump spoke separately with leaders of Qatar, Saudi Arabia and Abu Dhabi late on Sunday.

He “underscored that unity in the region is critical to accomplishing the Riyadh summit’s goals of defeating terrorism and promoting regional stability”, the White House said.

Filed Under: Muslim World

Disability tax under GST ‘insensitive’: Rahul Gandhi

July 3, 2017 by Nasheman

Rahul Gandhi

New Delhi: Congress Vice President Rahul Gandhi today accused the Modi government of being “insensitive” towards the most vulnerable sections of society by imposing “disability tax” on wheelchairs and Braille typewriters, and demanded its full rollback.

The GST on Braille typewriters and papers, carriages for the disabled and wheelchairs and other assistive devices have been fixed at rates varying between 5 to 18 per cent.

“GST on disability aids like wheelchairs and Braille typewriters, once again shows this government’s complete insensitivity towards our most vulnerable.

“Congress Party demands a full roll back of this ‘disability tax’ that will put millions of our disabled people through further hardship,” he said on Twitter.

The Congress party also put out a picture showing imposition of GST on wheelchairs and Braille paper.

“By hastily rolling out GST, Modi Govt has abandoned those who need its support the most. #GSTTamasha,” said a tweet put out by the party on its handle.

(Agencies)

Filed Under: India

Karnataka CM Urges Prime Minister to Waive Farmers Loan

July 3, 2017 by Nasheman

Siddaramaiah

Bengaluru: Karnataka Chief Minister Siddramaiah in an attempt to support distressed farmers in Karnataka, urged Prime Minister Narendra Modi to waive farmers loans obtained from nationalized banks in the state.

In a letter to Prime Minister, Siddaramaiah said, the state government has already waived farmers loan taken from co-operatives and other financial institutions in Karnataka and the centre should take steps to waive farmers loan. Last month Karnataka chief minister announced a farm loan waiver of Rs 8165 crore and the announcement is reportedly benefit 2,227,506 farmers in the state.

(Agencies)

Filed Under: India

China escalates tension, accuses India Army of ‘betrayal’

July 3, 2017 by Nasheman

Chinas flag

Beijing: The ongoing verbal spat between China and India today escalated as Beijing said the Indian Army’s action to stop Chinese troops from constructing a road in an area near Sikkim is a “betrayal” of the position taken by successive Indian governments and India must pull back its soldiers.

Chinese foreign ministry spokesman Geng Shuang said that the Sino-India border in the Sikkim sector is well demarcated.

“By entering into the Chinese territory and obstructing Chinese troops’ normal activities, India has violated the existing convention on the boundary and basic principle of international law and obstructed peace and stability of the boundary area,” Geng told reporters at a briefing.

“We require the Indian side to withdraw their troops to the Indian side of the boundary and create conditions for he restoration of peace and stability in the relevant areas.”

China and India have been engaged in a standoff in the Doka La area near the Bhutan trijunction for almost a month in what has been the longest such impasse between the two armies since 1962, when the two countries fought a brief war.

Sikkim, which became a part of India in May 1976, is the only state which has a demarcated border with China. The lines are based on a treaty signed with the Chinese in 1898. Doka La is the Indian name for the region which Bhutan recognises as Dokalam, while China claims it as part of its Donglang region.

Chinese foreign ministry spokesman Geng said India needs to observe the treaty and pull back its troops immediately. He dismissed Defence Minister Arun Jaitley’s remarks that India of 2017 is different from what it was in 1962, saying China too is different and will take “all necessary measures” to safeguard its territorial sovereignty.

“Former Indian Prime Minister Jawaharlal Nehru endorsed the 1890 Sino-British Treaty on Sikkim in a letter to the then Chinese counterpart Zhou Enlai in 1959. Successive Indian governments have also endorsed this,” he said.

“The India-China boundary in the Sikkim section is well demarcated. The action taken by India is a betrayal of the position taken by (successive) Indian governments,” he said.

“What has happened is very clear, the Sikkim section of the boundary has already been defined by the 1890 convention between Great Britain and China. Doklam belongs to China.”

Asked if there was a possibility of a meeting between Prime Minister Modi and Chinese President Xi Jinping during the G20 Summit in Hamburg in Germany this week, Geng said he has “no information at the moment” about the arrangements for bilateral meetings between Xi and leaders of other countries.

He, however, said the line for diplomatic communication between India and China is “open and smooth”.

The standoff came to notice when China denied Indian pilgrims entry for Kailash Mansarovar Yatra through the Nathu La pass in Sikkim. At first, Beijing said it stopped the Yatra due to damage to roads in Tibet after rains and landslides.

Later China signalled the matter was related to the standoff between the two armies near Sikkim. The Sikkim route to Mansarovar was opened in 2015, enabling pilgrims to travel the 1500-km long route from Nathu La to Kailash by buses.

Today, Geng said the other route to Tibet through Lipulek pass is open as it is located in the middlesection where there is no dispute over boundary between India and China.

On the Indian Ministry of External Affairs statement on Friday that the construction road by Chinese troops in the disputed Doka La area would represent a significant change of status quo with “serious” security implications for India, The Chinese foreign ministry official said they have “noted” the statement by India.

“It evaded the 1890 convention between Great Britain and China relating to Sikkim and Tibet. But it is this convention which has confirmed the alignment of the boundary between the two sides at the Sikkim section. This convention has been recognised by successive Chinese and Indian governments and has been confirmed by the Indian governments in written form,” he said.

“Prime Minister Nehru has affirmed in his letters to the Premier Zhou Enlai that the convention must be observed. That is the basic principle of international law. It is an obligation must be fulfilled by the Indian side,” he said.

He also accused India of using Bhutan as a cover.

“In order to cover up the illegal entry of the Indian border troops, to distort the fact and even at the expense of Bhutan’s independence and sovereignty, they try to confuse right from wrong, that is futile,” Geng said.

“We have no objection to normal bilateral relations between India and Bhutan but firmly opposed to Indian side infringing up Chinese territory using Bhutan as an excuse. The Bhutan side does not know previously that the Indian troops entered into the Doklam area, which is not in line with what is claimed by the Indian side,” he said.

This is not the first time that such a transgression has happened at Doka La. The Chinese forces had in November 2008 destroyed some makeshift Indian army bunkers there.

Defence experts believe China wants to exert its dominance over the Chumbi Valley, which is a part of the southern reaches of Tibet. By claiming the Doka La area, Beijing wants to maximise its geographical advantage so that it can monitor all movements along the India-Bhutan border.

Since the standoff on June 6, when PLA bulldozers destroyed bunkers of the India Army claiming the area belonged to China, Chinese media have carried several peices warning India over escalating tension and “reminding” the Indian Army about the 1962 war.

(PTI)

Filed Under: India

Is Modi’s new India about lynching: Cong hits out at Shah, PM

July 3, 2017 by Nasheman

mob assam cow death

New Delhi: The Congress on Sunday hit out at Prime Minister Narendra Modi and BJP chief Amit Shah and said it was high time they took ‘corrective action’ against the mob frenzy and lynching incidents across the country, which President Pranab Mukherjee had rightly flagged.

“It is high time the BJP government takes note of this widespread mob frenzy and lynching incidents, rightly flagged by the President of India and Congress president. Instead of falsification, lies and distortion, without any facts or numbers, the BJP would do better to take note of the anger which is engulfing the citizens of India against vigilantism by their own partymen,” said Congress chief Spokesperson Randeep Surjewala.

He said three years had passed since the BJP came to power at the Centre and “we have seen enough of platitudes, speeches and alibis, it is time for some corrective action”.

Hitting out at Shah, the Congress leader said even the president had shown the “mirror of truth” to the BJP on the growing incidents of “mob frenzy” which had become “irrational, uncontrollable” and had tacit protection and support of the government, yet the BJP chief had resorted to “falsehood and utter brazenness”.

Shah, he said, instead of listening to the “conscience keeper of the nation”, had “most shamelessly chosen to ignore the reality of a bizarre yet concerted ‘Lynching Movement’, which the government had overtly supported and encouraged in the last few months”.

Surjewala also asked Shah whether it was not a fact that more than 50 cases of lynching and mob justice had taken place in the country in the three years of the BJP rule.

“Prime Minister Narendra Modi talks about a new India. Is this the new India his party wants to create, where ruthless mobs take law in their own hands and hapless people are lynched and beaten to death?” he asked.

Surjewala alleged that the Sangh Parivar organisations “associated with the BJP”, including the Bajrang Dal and the VHP, had actively been “instrumental” in many of these dastardly acts. “Why has no action been taken against them?” he asked.

“Prime Minister Narendra Modi had, recently at the Sabarmati Ashram, said vigilante justice in the name of Gau Raksha (cow protection) was completely unacceptable. He had made a similar statement in August 2016. But, nothing seems to have changed. “Why doesn’t the voice of Modi, who sheds crocodile tears occasionally (for public consumption) by invoking Gandhiji and Vinoba Bhave, never reach the vigilante, nor is the rule of law and Constitution upheld to punish them?,” he asked.

Surjewala said Nityanand Mahato, the media in-charge of the BJP’s Ramgarh unit in Jharkhand, was arrested by the police on Saturday over an incident of mob lynching of a man which was reported from Jharkhand last week.

Mahato, he alleged, had instigated the mob and added that a video of the incident not only showed that the BJP leader was present at the spot, but that he dragged the deceased, Alimuddin Ansari, out of his vehicle.

“As he (Mahato) kept watching, the mob thrashed Ansari mercilessly,” he alleged quoting the Jharkhand Police. “Will Shri Amit Shah blame the Congress-UPA for the merciless death of these individuals, in which his own partymen are involved?” the Congress spokesperson asked.

He claimed that such incidents of mob lynching had occurred in “every BJP-ruled state”. “Rumours are spread by the vested interests to mobilise the mobs, who then are encouraged to attack their targets with a state-aided licence to kill,” alleged the Congress spokesperson.

Surjewala said Modi and Amit Shah must have taken note of the nationwide protests launched by the citizens and civil society groups, which had once again “shaken the conscience” of the nation.

(PTI)

Filed Under: India

Nearly half a million displaced Syrians return home: UN

July 1, 2017 by Nasheman

About 440,000 people displaced within the country returned to their homes since January, UN refugee agency says.

An estimated 260,000 refugees have returned to Syria from neighbouring countries since 2015, according to the UN [FILE: EPA]

An estimated 260,000 refugees have returned to Syria from neighbouring countries since 2015, according to the UN [FILE: EPA]

by Al Jazeera

Nearly half a million displaced Syrians have returned to their homes since the beginning of the year, mainly to find family members and check on property, the UN refugee agency said.

The agency said it had seen “a notable trend of spontaneous returns to and within Syria in 2017”.

Since January, about 440,000 people who had been displaced within the war-ravaged country had returned to their homes, mainly in Aleppo, Hama, Homs and Damascus, Andrej Mahecic, a spokesman for the agency, known as the UNHCR, told reporters in Geneva on Friday.

In addition, around 31,000 refugees in neighbouring countries had also returned, he said, bringing to 260,000 the number of refugees who have returned to the country since 2015.

But Mahecic said this is a mere “fraction” of the five million Syrian refugees hosted in the region.

He said the main factors prompting the displaced to return home were “seeking out family members, checking on property, and, in some cases, a real or perceived improvement in security conditions in parts of the country.”

He said it was too early to say if the returns might be directly linked to a palpable drop in violence since Turkey agreed at talks in Astana in May with Russia and Iran, allies of Syrian President Bashar al-Assad, to establish four safe zones across Syria to ban flights and ensure aid drops.

But this week, the UN’s special envoy for Syria, Staffan de Mistura, told the Security Council that since the May 4 deal, “violence is clearly down. Hundreds of Syrian lives continue to be spared every week, and many towns have returned to some degree of normalcy”.

Mahecic nonetheless cautioned that “while there is overall increased hope linked to the recent Astana and Geneva peace talks, UNHCR believes conditions for refugees to return in safety and dignity are not yet in place in Syria”.

“The sustainability of security improvements in many return areas is uncertain, and there remain significant risks of protection thresholds for voluntary, safe and dignified returns not being met in parts of the country,” he said.

“Access to displaced population inside Syria remains a key challenge,” he added.

But “given the returns witnessed so far this year and in light of a progressively increased number of returns”, the agency had begun scaling up its operations inside Syria to better be able address the needs of the returnees, he said.

Syria’s war has killed more than 320,000 people and forced millions from their homes since it began in March 2011.

Filed Under: Muslim World

GST seen to give consumers’ buying power a shot in the arm

July 1, 2017 by Nasheman

gst

New Delhi: The Goods and Services Tax launch will enhance buying power of consumers as over 80 per cent of the goods fall below the 18 per cent tax bracket, but SMEs need to work to remove technology glitches, say experts.

Tax professionals want the government to have empathy towards businesses in initial days of GST rollout to make the reform acceptable to all sectors of the economy. The biggest tax reform in independent India was rolled out at the stroke of the mid-night — the intervening night of June 30-July 1 — by President Pranab Mukherjee and Prime Minister Narendra Modi.

“With 80 per cent of the goods falling under 12 per cent and 18 per cent bracket leading to a fall in prices, GST will enhance the buying power of consumers without real increase in their income, which in turn will spur demand,” said Sachin Menon, KPMG (India) Partner and Head, Indirect Tax.

GST will remove plethora of taxes like excise, service tax and VAT and transform India into a uniform market for seamless movement of goods and services. In the initial few months of the GST launch, companies do expect significant challenges with respect to effective delivery by various realigned IT systems and continuous changes required in processes and systems on account of the law evolving each day.

“It is also highly expected that many sections of the industry may not be fully compliant with various requirements of GST law from Day 1 itself and would require a transitioning period of few months, post the go-live date,” said Rajeev Dimri, BMR and Associates LLP Leader (Indirect Tax).

Experts also say lack of clarity with respect to taxability of transactions with Jammu and Kashmir is leaving many companies unnerved. It would also be of utmost importance to carefully book all expenses and sales and map all the credits accurately in early days of GST for successful transition of all such credits.

“The launch of GST will truly unite the country as far as taxation of goods and services is concerned. We now hope that that the government moves to a considerate and empathetic implementation regime with a focus on making the reform acceptable to all sectors of the economy,” said M S Mani, Deloitte Haskins and Sells LLP (Senior Director).

Menon said that with assumptions and presumptions on date of implementation out of the way, industry players, including the MSME sector, will need to iron out last-minute glitches to ensure smooth operations from the first day itself. According to Pratik Jain, PwC India Partner and Leader, Indirect Tax, once the regime settles in, “we can look forward to it spurring the economy by incentivising manufacturing and making business decisions independent of taxes”.

Archit Gupta, Cleartax.com CEO and founder, said, “Even though some sellers may be facing hardships at this crucial transition phase, we join hands with the government in helping them bridge the other side.”

(Agencies)

Filed Under: India

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