Though large in terms of capacity, India’s textile sector mostly caters to the domestic market. The units that export are mostly constrained by capacity and the absence of government support.
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Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
The hitherto little-known company has teamed up with Blackstone-backed Quality Care to create India’s third-largest hospital chain after Apollo and Manipal. But success will depend on how the new entity overcomes a set of unique challenges.
Reacting to the recently released draft rules, experts say they will likely fail in their objective unless a lot more work goes into creating public awareness and finding feasible solutions.