Embrace Global Perspectives, Foster Local Endeavours! In the grand scheme of economic interactions, we often overlook the significant role that small local businesses play in our lives. My personal strategy involves sourcing an astounding 90% of my purchases from these community-centric enterprises, and the logic underpinning this choice is both simple and profound. Supporting a local business directly equates to empowering a family in your community. Whether it's purchasing freshly baked bread from the local bakery or a hand-knitted scarf from a nearby boutique, these transactions fuel the livelihoods of our neighbours. The grocer, the florist, the butcher, the tailor - each of these individuals relies on their trade to sustain their lives, much like an artisan crafting exquisite pottery or a farmer cultivating bountiful produce. Since I m living in Pinjore, we have a women's self-help group that makes local food items, sweaters, socks, etc. I prefer to buy stuff from them....
Introduction: The GST Council in India convenes periodically to discuss and refine tax structures. Each meeting brings forth a mix of positive and negative developments, often revealing new ironies and fallacies within the economy. This article sheds light on certain inconsistencies, focusing on the taxation of non-branded atta or wheat, the exemption of cricket games like IPL from GST, and the associated revenue generation. Taxing Essentials, Exempting Entertainment: One of the glaring ironies in the Indian tax system is the imposition of GST on non-branded atta or wheat, an essential commodity consumed by the poor. Despite the burden on those struggling to make ends meet, cricket, a form of entertainment, remains exempt from GST. The Board of Control for Cricket in India (BCCI), the governing body of cricket in India, enjoys tax-free status despite being the wealthiest cricket governing body globally. Example: A daily wage laborer, s...