Susheela Majhi, secretary of Ama Sangathan, a tribal women's movement-turned-organisation, says after the noteban they could sell some brooms only locally while the inter-state sale came to a standstill.
For qualifying to participate in government’s public procurement tenders, startups and first generation entrepreneurs are also going to be provided a concession of 80 per cent on the “turnover condition” imposed as qualifying criteria.
The government had budgeted the fiscal deficit for the current financial year at 3.3 per cent of the gross domestic product (GDP). However, in the April-November period, the deficit touched 114.8 per cent of the budget estimates.
Earlier speaking at the event, Prasoon Mukherjee said Singapore was a USD 300 billion economy. "If here (India), has per capita GDP of USD 2000, there (Singapore) the per capita GDP is USD 70000," he said while introducing the country he was representing.
A couple of bankers in conditions of anonymity said that they have been told to take quick decision on the applications and “approve or decline” the application within 3-4 days and this is leading to faster sanctioning.