Advertisements EFFORTS by the government to curb the rising tide of informalisation in the economy are falling short due to several structural weaknesses, analysts have said.Despite various policy measures aimed at formalising the economy, weak enforcement, corruption, and lack of coherence in implementation have hampered progress, leading to continued growth of the informal sector.Last year,…
Formalisation efforts face headwinds
The proposed reforms are understood to be aimed at addressing concerns over potential conflicts of interest arising from insurer-provider integration.