What is Tally ERP9 or Tally Prime? | Chapter-2

 

In the near future, the government intends to launch a national retail trade policy and an accident insurance programme with the goal of assisting domestic merchants who are GST-registered.

According to a report by PTI, the official claimed that the proposed regulation will aid in giving dealers better infrastructure and greater financing.

The proposed national retail trade policy in India may include initiatives like guaranteeing easy and quick access to affordable credit, encouraging the modernization and digitization of retail trade, supporting distribution chains with modern infrastructure, promoting skill development, and raising labour productivity.

The policy might also create a strong system for consultation and grievance redressal.

The Department of Financial Services and the Commerce and Industry Ministry are working together to develop an insurance programme for all retail businesses registered under the Goods and Services Tax (GST) system. India is the fifth-largest retail market in the world.

The official continued, "The government is attempting to implement policy changes not only in e-commerce but is also bringing a national retail trade policy for physical traders which will be introducing ease of doing business, providing better infrastructural facilities, providing more credit, and providing all kinds of benefits to traders.

A simplified one window clearance system for dealers might be implemented as part of the suggested national retail trade policy, combined with the implementation of a centralised computerised inspection management system.