very venture that earns money but pays no taxes, employs people but does not follows the labour laws or runs a business but holds no licence is part of an informal sector of economy. So basically, the ...

The subject of transitioning from informality to formality continues to be discussed extensively. Informal economy comprises activities that are beyond the state’s reach. Emerging and developing ...

There could be an increase of 15.1 per cent in the formalisation rate of the workforce after the implementation of the four labour codes that’s poised to reduce compliance burden. According to the SBI ...

Md Bilal Hussain, 73, learnt weaving from his father. Born in a family of weavers, he believes weaving is in his blood, inherited from his ancestors. His last employer confirms that Bilal is the best ...

The method of MSME formalisation is a complex one, with multiple stakeholders and government agencies that must set policies and create different regulatory organisations in order to facilitate ...

A robust tax collection in recent months has lent some credence to the notion that the expansion of the formal sector of the economy, which got a leg-up from demonetisation and the GST rollout, has ...

The Central government has stayed focussed on both formalisation of the economy and digitisation. Formalisation aims at bringing more of the unorganised sector into the formal fold by means of GST, ...

The concept of ‘formalisation’ has been ubiquitous in development discourse and policymaking in the early twenty-first century. It has underpinned policy interventions and proposals from tax ...