DMPQ- Highlight the advantages and disadvantages of Formalization of Indian Economy.
Advantages of formalization Increased tax revenues for the government due to better reporting under taxation laws Coverage of population under social protection plans, saving from financial distress during difficult times Increase workers’ welfare and the opportunities for decent jobs Reduce unfair competition between formal and informal enterprises arising from tax or regulatory arbitrage Downsides of … Read more DMPQ- Highlight the advantages and disadvantages of Formalization of Indian Economy.