500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over 500 micro regulations every year:
Entrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The Govt is working to decriminalize laws and simplify processes. Jan Vishwas 2.0 aims to further reduce criminal liabilities. Implementation of labor codes and GST framework reset are crucial. Technology and focused simplification can significantly lower compliance costs. The number […]
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