In a significant development towards digitization of non-corporate sector, the Confederation of All India Traders (CAIT) on Thursday launched a wider forum ‘Alliance for Digital Bharat‘ (ADB) consisting of national organisations of traders and other verticals of the non-corporate sector.
The mandate of the Alliance has been set for development of a conducive atmosphere for digitization in the non-corporate sector including the trading community.
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Union Commerce Minister Nirmala Sitharaman also launched the website of ADB, where she said India is prospering country and nobody sees it with any kind of disappointment.
“We are fortunate now that nobody looks at India with ‘nirasha‘ anymore. India is now emerging as the grass root engine, along with few other countries in a world which are plagued with gloom across many parts,” Nirmala Sitharaman said.
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“It is encouraging to see that states today have much more confidence on the Centre and many times more than it ever was previously. GST, as a landmark tax reform, is bound to positively impact our economy and we are ready for it,” Sitharaman added.
CAIT Secretary General, Praveen Khandelwal, said that promotion of adoption of less cash payment system coupled with demanding simplified tax regime and favorable support policies including incentive’s benefits for deeper percolation among the masses have been declared priority for the current administration as measures to boost this sector which has long remain neglected when compared with rapid strides the organised sector has made over the last few years. This move not only supports the Government’s intention to leverage its financial inclusion scheme, it also allows smaller business owners to realize impending benefits of these new age digital technologies. Given that the non-corporate sector forms the backbone of the Indian economy, this Alliance aims at being perceived as the single largest platform within the ecosystem that has proactively taken the progressive step to embrace technology.