-Firstpost.com Ludhiana: Free meals, payment in advance, free liquor to ease aching limbs after a hard day’s work. Migrant labour in Punjab, mainly from Bihar, West Bengal and Uttar Pradesh, the mainstay of the state’s agriculture sector, has never had it so good. The problem, however, is the decreasing availability of this labour. Ask Baljinder Singh, a farmer with a 10-acre holding in Dakha village. Come sowing season in mid-June, Baljinder...
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MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
More »Govt hikes import duty on 32 types of textile goods
-The Times of India NEW DELHI: The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative. The tariff hike on 32 product categories comes after recent increases across several sectors, from mobile phone to TV sets and toys. A few weeks ago, the government had increased import duty on some...
More »What revival? Close to 50,000 MSMEs shut shop in Tamil Nadu in past year -Sangeetha Kandavel
-The Hindu Number of workers employed too falls by more than 5 lakh Chennai: Contrary to claims that the industrial climate in Tamil Nadu has improved, close to 50,000 micro, small and medium enterprises (MSMEs) have been wound up in the State in just one year on account of a host of factors. A government policy note tabled by the MSME Department in the Assembly on Thursday revealed that the total number of...
More »As labour-intensive sectors take a hit, exports dip in March
-The Hindu Business Line Trade deficit widens as imports rise; exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...
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