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Yogita Ingle 6 years, 6 months ago
The non-farm sectors include agro-processing industries, food processing industries, leather industry, tourism, etc. Some other sectors which have the potential but lack infrastructure are traditional household-based industries like pottery, crafts, handlooms, etc.
Posted by Shayna Vyas 6 years, 6 months ago
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Yogita Ingle 6 years, 6 months ago
- GST is taxation system based on destination.
- GST subsumed almost 17 types of taxes from previous system of taxation.
- GST has implemented on win to win concept for both state and central
- GST helped to avoid double taxation which was in VAT tax system.
- GST not at all affect the big traders, but small vendors are burdened for monthly filing of return.
- GST has different slabs which encourages trade in the economy.
- GST strict yardstick to tax evasion.
- GST bought more wieghtage to commerce in the essence of education.
- GST bought many employment opportunities.
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Yogita Ingle 6 years, 6 months ago
The positive feature about the Indian economy is that it keeps on improving day in and out, this leaves the citizens with hope of attaining a stable economic system, the negative feature is that the current situation of the economy is poor with high inflation and higher rates of unemployment. The poor living conditions and harsh economic times is therefore faced,
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Shreya Sharma 6 years, 6 months ago
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