A Quote by Smriti Irani

Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy. — © Smriti Irani
Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.
My philosophy has always been that benefits should percolate up rather than trickle down.
We would love to see Canadian federal and provincial governments establish a new business entity class like the CIC or L3C for social enterprises. Our governments should also offer tax incentives to entice more entrepreneurs into the social economy, and encourage foundations and impact investors to put their capital into social enterprises.
Baptism does not profit a man outside unity with the Church ... For many heretics also possess this Sacrament but not the fruits of salvation ... The benefits which flow from Baptism are necessarily fruits which belong to the true Church alone. Children Baptized in other communions cease to be members of the Church when, after reaching the age of reason, they make formal profession of heresy, as, for example, by receiving communion in a non-Catholic Church.
Entrepreneurs need to be positive. Always. Entrepreneurs need to be brave, often. And lastly, entrepreneurs need to be obsessed.
I tend to go with things people need. Obviously with the barbershop, people will need haircuts regardless of the economy. In a down economy, I choose businesses that don't require a lot of start-up cash or a cash injection on a regular basis. They might need some initially, but not often after. Rental of properties is a good business in a down economy as people struggle with mortgages.
China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves.
We aim to restore our focus on building an economy in which all South Africans can flourish, an economy which benefits the people as a whole rather than a privileged few.
There's whole television stations, magazines, organizations devoted to analyzing every up-and-down twist and turn, IPO, everything that happens in the formal economy. And yet the informal economy, these black and gray markets, actually make up for almost half of the global economy. And there's so little information that we have about them.
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.
If we start thinking simply nationally, and we start having policies that try and restrict the benefits only within our borders, and try and implement protectionist measures as a consequence, this will not have the effect we need to have on the global economy. And that's ultimately the global economy that's pulling most of us down, particularly countries like Canada, that aren't the source of these current economic troubles.
What you have as a result of past policies is that German entrepreneurs go outside of Germany for many of their activities. They are investing abroad instead of at home because there isn't the openness, fluidity and opportunity they find outside their borders.
Please remember, Modi as a Prime Minister has destroyed the economy through demonetisation and GST.
To stimulate the economy, we need to give entrepreneurs the means to create wealth.
There are too many who have not shared in the benefits of this economy.
If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.
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