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]
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]
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]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | SJM opposes move to change definition of MSMEs

SJM opposes move to change definition of MSMEs

Share this article Share this article
published Published on Jul 30, 2018   modified Modified on Jul 30, 2018
-The Hindu Business Line

New Delhi: The Centre’s proposal to change the definition of Micro, Small and Medium Enterprises (MSMEs) has been opposed by the Swadeshi Jagran Manch, a Rashtriya Swayamsevak Sangh affiliate that deals with economic issues.

In February, the Centre decided to revise the definition of MSMEs on the basis of turnover instead of the existing methodology of classifying them as per cost of plant and machinery. To give effect to this decision, the Centre has already moved a new Bill in Parliament in the ongoing monsoon session.

“We are of the firm opinion that this definitional change would be detrimental to the interests of small scale industries. It’s notable that nowhere in the world we find definition of MSMEs based purely on turnover. It’s important and interesting to note that 98 per cent of small units have a turnover of less than ?15 crore. That means, with this change in definition hardly 2 per cent would attain the status of MSMEs at the cost of 98 per cent,” said the National Co- convenor of the Swadeshi Jagran Manch, Ashwini Mahajan.

Detrimental policies

“Due to the obsession of political leadership and bureaucracy for globalisation and corporatisation, several policies were made which were detrimental to the interests of Small Scale Industries (SSIs) and favoured big corporate at the cost of SSIs,” Mahajan said.

Please click here to read more.

The Hindu Business Line, 29 July, 2018, https://www.thehindubusinessline.com/economy/macro-economy/sjm-opposes-move-to-change-definition-of-msmes/article24547561.ece?homepage=true


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close