NEW NORMAL

 Our PM often used a word EASE OF LIVING, along with EASE OF DOING BUSINESS. Last ten year we are seeing the marked difference, in both we are feeling the difference. We used to get work done either by paying graft or by giving long time. Slowly it is in the interest of government that small services should be done by self service mode instead of citizen coming to office which hampers other important work. It is also true that government should not be part of business except in strategic sectors. The cost of compliance is still high as we have not stabilized the system, here not only government but all businesses have large degree of suspicion on each other. The time required to get work done is still high on average basis (pan India basis)due to which lots of cost gets added, so to run the business. The index for it was made and published yearly basis with the help of World Bank, we improved our ranking and still reducing time for starting and closing of business with all compliances

 Is important to have comprehensive study of schemes from state and central government, which implemented by its agencies. Some times we need strong dose of reforms to overcome present difficulty. The data obtained after and while implementation of these schemes gives vital information. The data shows the result while showing this it also gives information for requirement of the scheme to be amended to suit the local requirement. Getting these data is huge task and interpretation is crucial. Findings should be given in simple language not in technical one. We are discussing it as it is being done by big institutions of our country either by own interest or being hired by some external agency for its own use. These data is solemnly published, which is not good for country as we all are stakeholder of economy. Findings of these studies give insight not only to government but also corporates, but some how small enter pruners are also getting benefits due to this, as they are last mile of

 Space and Sports have economic interest, which also contribute in expansion of economy with upliftment of life. This week our cotangent returned from China with 107 medals, highest ever medal along with maximum gold medals. The new stream for employment and wealth creation in short to long term. The enthusiasm which is created since Tokyo Olympic is continued and investment for infrastructure and other non infrastructure in continued. The training is given to sports person round the year with corporates are started spending their CSR fund for development of sports. The number of sports are being played are increasing to give full time career for many. If we take only sports only than we will not see the full potential, as other sector are going to get business due to it. What is needed that we have to organize big sports event and market it in big way to attract domestic and foreign sports lover to come to see it either directly or indirectly using any medium.  The market for it is ve

 Month started with big bang for economy as the festivals have begun and so the purchasing for it. We already witnessing the expansion of economy from start of FY24, rather it is continued since last year on solid performance and it will continue in coming years as it is on solid foundation. The latest GST collection is above 1.6L which is showing the formalization of economy with reduction is tax evasion due to increased compliances. System is working on avoiding tax leakage with general awareness for compliances which is increased and will be far more strict The recall or demonetization of Rs. 2000/- is  adding  financial activity. The black money menace due to high value currency will reduce so the hoarding. It is going to be suspended or made illegal to transact after 10th of Oct. The other micro and macros are stable with comfortable CAD as expansion in economy is not making import dominance in trade. Expansion in manufacturing PMI is in new normal position with hovering above 55