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K. Velmurugan treasurer of the Small and Tiny Industries Association in the southern state of Tamil Nadu
Fear of the Taxman Blights Modi’s Quest to Expand Formal Economy
published Nov 8, 2017, 5:00:00 PM, by Archana Chaudhary (Bloomberg) —Twice in the past year, Mohammed Mohsin’s textile design business was buffeted by major changes in the Indian economy. First, a ban on high-value notes, then a new tax system. Now, he senses yet another threat. “There’s a new fear,”