The establishment of the National Anti-Profiteering Authority (NAPA) can go a long way in ensuring that benefits of the GST are passed on to the consumers. However, the NAPA should not be used to harass traders.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Section 171 of CGST Act, 2017 is a well meaning provision. If businesses that do not respect the intent of a Government need not thrive on the threat of impairment. They will perish. The body appointed to look into anti profiteering will come of age and businesses can spend part of their ill gotten profits on litigation to make the advocates rich otherwise their business will be impaired.
Section 171 of CGST Act, 2017 is a well meaning provision. If businesses that do not respect the intent of a Government need not thrive on the threat of impairment. They will perish. The body appointed to look into anti profiteering will come of age and businesses can spend part of their ill gotten profits on litigation to make the advocates rich otherwise their business will be impaired.