@TrafficGGM@DC_Gurugram it takes ~10 / 12 min from highway exit to enter Medanta Medicity (a distance of less than 500 mt). Its a very big time between life and death of an emergency patient. Think about an underpass to go directly in hospital avoiding traffic chaos (something that cant be solved)
India’s GST works well, but for textile retail startups there’s a serious structural issue:
5% GST on garments
18% GST on growth spends (ads, retail commisions etc)
This creates continuous accumulation of input tax credit with no refund for services (Sec 54).
This is hard-earned capital locked indefinitely.
Worse, this gets taxed as profit under income tax.
Over time, this creates incentives to move marketing spends offshore, low growth, leading to potential loss of GST revenue and economic activity for India.
Globally, VAT/GST is designed to be neutral — excess input tax is typically refundable.
A small fix here can unlock massive growth capital. Kindly consider
@FinMinIndia@nsitharamanoffc@GST_Council
Difference between constructive argument and debate:
when in a constructive argument - put forth your point of view, but also absorb other PoV and be Ok to loose.
but when in a debate - never be Ok to loose
This is a constructive argument :)
Dear @trackmanish your life is truly an inspirational movie and good to see our market friend @safiranand having a small role in it.
I am sure I will meet more amazing people while I complete the book.
@airindia kindly consider serving indian snacks in domestic flights rather than continental. I was on Delhi - Indore flight and not sure if croissant and brownie is what will be liked by large majority of travellers in India. Maybe a besan chilla with paneer tikka :)
Congratulations @TexMinIndia for major amendments in the PLI scheme for growth of MMF Fabric, Apparel & Technical Textile for growth of businesses. Investment reduced to ₹150 Cr & ₹50 Cr,
Easy to set up new as well as in the existing units. Anyone can apply up to 31/12/2025
We live in interesting times… met a Father (~55) and Son (~22) duo, both doing (working for) AI startup, both doing Triathlon, both fit and lean. Fundamental shifts in tech and view towards Health.
#CommodityUpdate | आर.के. विज, प्रेसिडेंट, TAI
- टेक्सटाइल इंडस्ट्री फैशन पर चलने वाली है। ऑर्डर 5-6 महीने पहले मिल जाते हैं।
- 25% टैरिफ से पहले ही 30-40% यूनिट्स बंद हो चुके हैं।
- इंडस्ट्री 3-4 महीने होल्ड कर सकती है। उम्मीद है तब तक हालात में सुधार होगा।
- देश में कॉटन का उत्पादन बढ़ाने की जरूरत है। देश में कॉटन उत्पादन पाकिस्तान से भी कम।
@Textile_In@Manisha3005@akash_kgupta
Our govt has taken a great step to stop menaces (one of the smallest one) with their own moral compass. They should stop other menaces also basis this chart created from NCRB data and Google Gemini. The bigger ones are coming.. personal loan, FnO, stocks etc
#GST2 what about inverted GST refund? @nsitharaman ma’am so many young businesses are facing major problem because of this. Technically businesses legitimate profit (or hard earned money) is stuck due to this. Every biz that sell ‘goods’ takes ‘services’ and its their money stuck
@KunalKhattar is a dear friend but more importantly an investor who never leaves his companies at their lows rather thats the time he works more closely with them at all fronts.
Manish Vij, Managing Partner, Smile Group, has a favorite acronym: DARE
D - dreams are free; dream big
A - action relentlessly
R - relationships drive the world; nurture them well
E - do the top three right and you will earn the edge
#HumanIsNotAResource#UnpackingHumanPotential #BrickByBrick