“Everything that can go wrong has gone wrong,” said Gyanendra Kalita, who manages the Guwahati branch of the Assam government’s flagship Pragjyotika Emporium, a chain of handicrafts retail outlets. He was referring to the impact of the Goods and Services Tax on the emporium’s business.

Introduced on July 1, the new tax incorporates all levies previously charged by the Centre and states on businesses. It was meant to simplify the process of filing returns, especially for businesses operating across states that levied different taxes. But three months on, many businesses, particularly small and medium-sized ones, are struggling with the transition to the new regime.

For some, like Assam’s indigenous bamboo and cane handicrafts industry, the pin...

We are happy to announce that on 15th Aug 2017 we are launching some new products from the brand of Indiacrafts. That is not all, Also we are launching new mobile app also changing the current Indiacrafts website. So after 15th Aug 2017, we will see whole new things in Indiacrafts. The news does not end there, also there is one management level change & Mr. Bibhuti Bhusan Samantaray will hand over the whole responsibility of Indiacrafts to Mr. Birendra Prasad Samantaray. It is because Mr. Bibhuti will focus on some other parallel projects like Venuegarden & Digidocs. 

As per Mr. Samantaray

"The next one year is a very important year for the company & its Subsidiaries. So everyone i...

What Exactly Is The 80/20 Rule?

By the numbers, it means that 80 percent of your outcomes come from 20 percent of your inputs. As Pareto demonstrated with his research this “rule” holds true, in a very rough sense, to an 80/20 ratio, however in many cases the ratio can be a lot higher – 99/1 may be closer to reality.

It really doesn’t matter what numbers you apply, the important thing to understand is that in your life there are certain activities you do (your 20 percent) that account for the majority (your 80 percent) of your happiness and outputs.

You may have expected me to say that 20 percent of your activities produce 80 percent of your financial rewards, and that is true, there are probably a handful of activities you do each w...