The government has announced an additional ₹2.55 lakh crore credit support under ECLGS 5.0, targeting small businesses and airlines. The measure is intended to cushion the economy from the shockwaves of turmoil in West Asia by ensuring credit reaches eligible borrowers quickly, helping firms keep operations running and funding flowing during uncertainty.
Bangkok’s street food scenes may be changing fast. Authorities have introduced tighter controls that push vendors from busy roadside corners into a new food hub, which so far hosts only around a dozen stalls. Supporters say the move improves order, but many sellers fear lost livelihoods and a weakening of the chaotic charm that defines the Thai capital’s street culture.
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The government is preparing a major overhaul of GST provisions after five years, aiming to make compliance easier for small businesses. The key shift: separating minor offences from willful evasion of duty, reducing disproportionate consequences. If implemented, many businesses could see relief from harsh action tied to technical or low-severity mistakes, focusing enforcement on genuine tax fraud.
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