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Good sides apart, new duty regime worries trade bodies

Leading trade bodies found some solace in the proposed budget for the 2024-25 fiscal year with measures such as the reduction of required deposit from 20% to 10% of a disputed amount of VAT claim to appeal against it and allowing the import of 17 textile goods at a reduced rate. However, they also identified several challenges that could potentially harm industries, ....

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In a parliament of businessmen, conflicts of interest reign supreme

In parliamentary democracy, parliamentary standing committees are important tools for holding the government accountable. These committees, consisting of members of both the government and opposition parties in various democratic countries, scrutinise the activities of the respective ministries of the government, review the proposed draft laws, and investigate corruption ....

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