Discover and read the best of Twitter Threads about #eodb
Most recents (7)
👉 MCA revises threshold for paid up capital of “small companies”
👉 Latest revision to facilitate Ease of Doing Business #EoDB further and reduce compliance burden on “small companies”
Read more ➡️ pib.gov.in/PressReleaseIf…
(1/4)
👉 Latest revision to facilitate Ease of Doing Business #EoDB further and reduce compliance burden on “small companies”
Read more ➡️ pib.gov.in/PressReleaseIf…
(1/4)
Some of the benefits of revised definition of small companies are 👇
👉 No need to prepare cash flow statement as part of financial statement
👉 Advantage of preparing and filing an Abridged Annual Return
👉 Mandatory rotation of auditor not required
(2/4)
👉 No need to prepare cash flow statement as part of financial statement
👉 Advantage of preparing and filing an Abridged Annual Return
👉 Mandatory rotation of auditor not required
(2/4)
👉 An Auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor’s report
👉 Holding of only two board meetings in a year
(3/4)
👉 Holding of only two board meetings in a year
(3/4)
228/sc #Supply #Chain #Diversification: #USA needs to urgently shift the labor intensive & medium tech parts of its defence supply chains from 🇨🇳 to 🇮🇳 with the collateral benefit of getting more defence orders under #Atman #Nirbhar production; #GOI must ensure #EODB/#EORC
230/sc #Supply #Chain #Diversification . Note that Vietnam is a competitor in location of consumer digital products supply chains. (Reason & solution in next tweet)
61/bbr The solution to #Bureaucratic #Socialism (#BS) is neither #Bureaucratic #Capitalism, nor #Bureaucratic #Mixed #economy, but a #New #Development #Paradigm (EPW 2001; egrowfoundation.org/research/a-new…) further explained in, sites.google.com/site/chintan19… and egrowfoundation.org/research/india… 🧐
62/bbr “The J curve of Institutional reform” (2020) egrowfoundation.org/research/growt… showed that anti-black money crusade can’t b sustained w/o Institutional reform. Corruption is a systemic problem in India(origin Bureaucratic Socialism) & can only b solved by policy+institutional reform
63/bbr This is encouraging, but more needs to be done wrt #EODB/#EORC and to translate the policy reforms announced during last 3 yrs into rules, regulations & simpler procedures for producers & exporters. m.economictimes.com/tech/technolog…
We must use technology to make government procedures as simple as possible. Self-attestation, self-certification, self-regulation is the way ahead
- Minister of State, Commerce @AnupriyaSPatel at National Workshop on ‘Reducing Compliance Burden and Citizen Activities’
- Minister of State, Commerce @AnupriyaSPatel at National Workshop on ‘Reducing Compliance Burden and Citizen Activities’
@AnupriyaSPatel @DPIITGoI @CimGOI @DoC_GoI @FollowCII @ficci_india @ASSOCHAM4India @IMC_India @EODB_India Intrinsically, everyone is honest. Once that trust is established among all stakeholders, it becomes easier to evolve non-confrontational policy frameworks which can simplify procedures of day-to-day lives: Commerce Minister @PiyushGoyal
#EaseOfLiving #EaseOfDoingBusiness
#EaseOfLiving #EaseOfDoingBusiness
@AnupriyaSPatel @DPIITGoI @CimGOI @DoC_GoI @FollowCII @ficci_india @ASSOCHAM4India @IMC_India @EODB_India @PiyushGoyal The various measures to improve #EaseOfDoingBusiness collectively can have a transformative impact and a multiplier impact on #EaseOfLiving - Commerce Minister @PiyushGoyal
Enterprise is the lifeblood of the economy and PM Modi understands that.India’s historic rise in Ease of Doing Business is based on policies that have replaced the red tape with a red carpet..The Modi Govt saw #EODB rise by a massive 79 points+ 💪
#7YearsOfSeva #7yearsofModigovt
#7YearsOfSeva #7yearsofModigovt
When govt enables people's aspirations rather than being an obstacle, Ease of Living is achieved. Ease of process in citizen govt interfaces,ease of doing business &push to digital India are transforming India.
DBT has transferred over 13 Lakh Cr
#7YearsOfSeva #7yearsofModigovt
DBT has transferred over 13 Lakh Cr
#7YearsOfSeva #7yearsofModigovt
PM Modi has led a historic battle against corruption.Honesty is honoured&transparency is the norm.From getting British national Christian Michel extradited from UAE,to Vijay Mallya losing appeal in UK Supreme Court,thx to watertight case by Modi Govt,to now,nailing Mehul Choksi💪
For a decade or more one has been saying, "stop hyphenating India with Pakistan and start comparing Pakistan with Bangladesh"? With Bangladesh GDP higher than Pakistan's GDP, I still doubt this will happen (Hint: Indian Per capita GDP will again be higher than Bangladesh in 2021)
2/bd #India's per capita GDP will return to a level higher than #Bangladesh by 2021, contrary to the simplistic, straight line growth projections in this 👇🏼 article. Keep a note of All the renowned economists who believed👇🏼, and compare after a year, with what I have said today.
3/bd We first used the example of Bangladesh during 1990s to motivate labor reform; which were critical to promoting labor intensive garment/textile exports. Bangladesh Textile units had 1000s of workers, while our exporters were scared to hire >20, as they couldn't b fired...4/
So far so good, haven't seen any serious error/problem in what I've seen so far, but I need to look more carefully, before making a judgement. But clearly the reform process is now well under way 👍🏼👍🏼
3/labor Best change is reversal of #Indira #Gandhi's arbitrary decision during infamous #emergency, to lower limit for, retrenchment w/o bureaucratic permission, from 300 to 100. This will help restore the #Missing #Middle", as firms with <100 workers are free to expand to 300
