TRANSPERENCY & COMPLIANCE

 At present time we are seeing a lot of reforms and initiatives for the common man and businesses.

If we look at the first regime of Modi, we will see a distinct difference, that only the base for these types of reforms was created.

The main reforms were GST and RERA, with other small but significant reforms like JAM.

In the last two years, we saw several reforms including NEP which will change the total systems.

Until private telecom players did not turn up we have to face the harassment of the government telecom department.

Now if we see the recent reform that smart prepaid meters with portability or open access to customers, will free them from government department but also the services with less cost.

The final notification is yet to come but it will be lessening our loads of compliances which are very complicated so the increased cost.

If we see the other some reforms like passport, driving license, certificate of registration of the vehicle, road tax, etc we are free to do from the home of any place we like.

As the TRANSPARENCY increase, the compliance burden of citizens gets lesser.

If we see a new initiative of NPCL  the E Rupi will give the donor to use the voucher which is written on it.

Life is becoming less complicated with this transparency. The ultimate result will be cost-saving due to fewer compliances and reduced taxes for all of us as it will give a clear picture of money circulation. Right now money circulation is in cash (the majority of times).

Other reforms which are already in use and work in progress mode are increasing the TRANSPARENCY.

We are not habitual to these things but over a period of time, all will settle positively.