-Business Today MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell lot more expensive * Higher tariff on key raw materials from China will raise input cost by 10-40% for MSMEs * Industry bodies want the government to chart out long-term plan for gradual import substitution * Ad-hoc measures like raising tariff and putting trade barriers could end up hurting local...
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India needs to go local with bees too -Sujana Krishnamoorthy
-Livemint.com * Pollinators, especially bees, are a vital part of our ecosystem, responsible for the food security of not just humans but all living beings. * The government needs to take steps for the protection of indigenous bees before it is too late. In his address to the nation on 12 May, Prime Minister Narendra Modi pointed out the criticality of local production. While its implications for industry et al have been discussed,...
More »Covid-19 lockdown adds to woes of climate-hit Indian fishers -Sharada Balasubramanian and Jency Samuel
-TheThirdPole.net Fisheries markets collapsed in the first days of the lockdown, impoverishing hundreds of thousands of small fishers, and recovery is nowhere in sight When Pradip Chatterjee, president of Dakshinbanga Matsyajibi Forum (South Bengal Fishers’ Forum – DMF), starts talking about the problems that plague small scale fishers in West Bengal, there is no stopping him. He finds a multitude of issues that confront them, from climate change to Covid-19. DMF is...
More »Second stimulus: Govt plans targeting based on need, MSMEs to begin with -Aanchal Magazine & Sunny Verma
-The Indian Express PM wary of open-ended provisions: Fund for MSME with guarantee likely. AS the Covid pandemic and the prolonged lockdown batter all sectors of the economy, the government, sources said, is working on a rescue package that, for now, may address the needs of the micro, small and medium enterprise (MSME) segment rather than the larger corporate sector. More than six meetings have been held at the Prime Minister’s Office —...
More »NBFC association seeks three-month moratorium on EMI payments
-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...
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