Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. 

Chennai: IN THE first 34 days since demonetisation, micro-small scale industries..."/>
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The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. 

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    <h1 class="cat-box-title">Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers -Arun Janardhanan</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. <br /><br />Chennai: </em>IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India&rsquo;s largest organisation of manufacturers.<br /><br />The study, conducted by the All India Manufacturers&rsquo; Organisation (AIMO), has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The AIMO represents over 3 lakh micro, small scale, and medium and large scale industries engaged in manufacturing and export activities.<br /><br />The study stated that almost all industrial activities have come to a standstill, with the Small and Medium-sized Enterprises (SMEs) sector worst-hit. &ldquo;While AIMO understands certain immediate repercussions of such a bold step (demonetisation) by the government, it did not anticipate or was prepared for such a jolt to industries even after one month,&rdquo; said the study.<br /><br />This was the third such study conducted by the AIMO on the impact of demonetisation and was circulated among members last month. A fourth study is expected soon.<br /><br />Among the major findings of the study are:<br /><br /># Medium and large scale industries engaged in infrastructure projects, such as big-ticket road construction, reported a 35 per cent cut in employment and 45 per cent revenue loss. The number of jobs and revenue are expected to dip by 40 per cent by March.<br /><br /># Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March.<br /><br /># In the manufacturing sector, medium and large scale industries reported the least job-losses in the first 34 days (5%) and took a revenue hit of 20 per cent. This dip is likely to be 15 per cent for both by March.<br /><br />According to the study, the factors that contributed to the impact are: zero cash inflow, rules curtailing cash withdrawals, staff absenteeism, a weaker rupee, choked fundraising options, inability of banks to work on proposals, derailed real estate sector, fear among foreigners, poor preparedness, and uncertain status of GST.<br /><br />Please <a href="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/" title="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers -Arun Janardhanan</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. <br /><br />Chennai: </em>IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India&rsquo;s largest organisation of manufacturers.<br /><br />The study, conducted by the All India Manufacturers&rsquo; Organisation (AIMO), has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The AIMO represents over 3 lakh micro, small scale, and medium and large scale industries engaged in manufacturing and export activities.<br /><br />The study stated that almost all industrial activities have come to a standstill, with the Small and Medium-sized Enterprises (SMEs) sector worst-hit. &ldquo;While AIMO understands certain immediate repercussions of such a bold step (demonetisation) by the government, it did not anticipate or was prepared for such a jolt to industries even after one month,&rdquo; said the study.<br /><br />This was the third such study conducted by the AIMO on the impact of demonetisation and was circulated among members last month. A fourth study is expected soon.<br /><br />Among the major findings of the study are:<br /><br /># Medium and large scale industries engaged in infrastructure projects, such as big-ticket road construction, reported a 35 per cent cut in employment and 45 per cent revenue loss. The number of jobs and revenue are expected to dip by 40 per cent by March.<br /><br /># Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March.<br /><br /># In the manufacturing sector, medium and large scale industries reported the least job-losses in the first 34 days (5%) and took a revenue hit of 20 per cent. This dip is likely to be 15 per cent for both by March.<br /><br />According to the study, the factors that contributed to the impact are: zero cash inflow, rules curtailing cash withdrawals, staff absenteeism, a weaker rupee, choked fundraising options, inability of banks to work on proposals, derailed real estate sector, fear among foreigners, poor preparedness, and uncertain status of GST.<br /><br />Please <a href="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/" title="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/" class="re" target="_blank">The Indian Express, 9 January, 2016, http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. <br /><br />Chennai: </em>IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India&rsquo;s largest organisation of manufacturers.<br /><br />The study, conducted by the All India Manufacturers&rsquo; Organisation (AIMO), has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The AIMO represents over 3 lakh micro, small scale, and medium and large scale industries engaged in manufacturing and export activities.<br /><br />The study stated that almost all industrial activities have come to a standstill, with the Small and Medium-sized Enterprises (SMEs) sector worst-hit. &ldquo;While AIMO understands certain immediate repercussions of such a bold step (demonetisation) by the government, it did not anticipate or was prepared for such a jolt to industries even after one month,&rdquo; said the study.<br /><br />This was the third such study conducted by the AIMO on the impact of demonetisation and was circulated among members last month. A fourth study is expected soon.<br /><br />Among the major findings of the study are:<br /><br /># Medium and large scale industries engaged in infrastructure projects, such as big-ticket road construction, reported a 35 per cent cut in employment and 45 per cent revenue loss. The number of jobs and revenue are expected to dip by 40 per cent by March.<br /><br /># Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March.<br /><br /># In the manufacturing sector, medium and large scale industries reported the least job-losses in the first 34 days (5%) and took a revenue hit of 20 per cent. This dip is likely to be 15 per cent for both by March.<br /><br />According to the study, the factors that contributed to the impact are: zero cash inflow, rules curtailing cash withdrawals, staff absenteeism, a weaker rupee, choked fundraising options, inability of banks to work on proposals, derailed real estate sector, fear among foreigners, poor preparedness, and uncertain status of GST.<br /><br />Please <a href="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/" title="http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

Demonetisation: 35 per cent job losses, 50 per cent revenue dip, says study by largest organisation of manufacturers -Arun Janardhanan

Published on Jan 9, 2017   Modified on Jan 9, 2017

-The Indian Express The study, conducted by AIMO, has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. Chennai: IN THE first 34 days since demonetisation, micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent dip in revenue, according to a study conducted by India’s largest organisation of manufacturers. The study, conducted by the All India Manufacturers’ Organisation (AIMO), has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The AIMO represents over 3 lakh micro, small scale, and medium and large scale industries engaged in manufacturing and export activities. The study stated that almost all industrial activities have come to a standstill, with the Small and Medium-sized Enterprises (SMEs) sector worst-hit. “While AIMO understands certain immediate repercussions of such a bold step (demonetisation) by the government, it did not anticipate or was prepared for such a jolt to industries even after one month,” said the study. This was the third such study conducted by the AIMO on the impact of demonetisation and was circulated among members last month. A fourth study is expected soon. Among the major findings of the study are: # Medium and large scale industries engaged in infrastructure projects, such as big-ticket road construction, reported a 35 per cent cut in employment and 45 per cent revenue loss. The number of jobs and revenue are expected to dip by 40 per cent by March. # Medium and large scale industries, including foreign companies, engaged in export-oriented activities reported 30 per cent job losses and 40 per cent revenue fall. This is likely to be 35 per cent and 45 per cent, respectively, by March. # In the manufacturing sector, medium and large scale industries reported the least job-losses in the first 34 days (5%) and took a revenue hit of 20 per cent. This dip is likely to be 15 per cent for both by March. According to the study, the factors that contributed to the impact are: zero cash inflow, rules curtailing cash withdrawals, staff absenteeism, a weaker rupee, choked fundraising options, inability of banks to work on proposals, derailed real estate sector, fear among foreigners, poor preparedness, and uncertain status of GST. Please click here to read more.

The Indian Express, 9 January, 2016, http://indianexpress.com/article/india/demonetisation-35-per-cent-job-losses-50-per-cent-revenue-dip-says-study-by-largest-organisation-of-manufacturers-4465524/

Tagged with: Currency demonetisation Demonetisation Job Creation job loss micro small and medium enterprises (msmes) msmes SMEs Employment Unemployment

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