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Showing posts from August, 2019

The (Dis)Ease of doing Business..

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The suicide of  VG Siddhartha , the founder of India's largest coffee chain Cafe Coffee Day (CCD), caused turmoil in the country after the businessman’s body was found washed ashore in Karnataka's Netravati river, 36 hours after he went missing. Two days prior to his disappearance, the 60-year-old had left behind a note to his employees that revealed he was in deep debt.  "I have failed to create the right profitable business model despite my best efforts. I would like to say I gave it my all. I am very sorry to let down all the people that put their trust in me. I fought for a long time but today I gave up as I could not take any more pressure...," his note read. The Income Tax Department acted as per law in its probe against Siddhartha after the letter accused tax authorities of harassment. All the businesspersons in the country are mourning over this tragedy whereas the experts are busy in analyzing the faults. However, I could relate the CCD Owner’s pl