-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...
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Healthcare Budget Allocation Low As It's States' Responsibility: Finance Secretary
-PTI/ NDTV Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states Mumbai: Finance secretary TV Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions by the industry that the budgetary allocation for the sector is still low at 1.3 per cent of GDP. At a post-budget interaction of industry representatives in Mumbai with finance minister Nirmala Sitharaman, Confederation of Indian Industry...
More »Supreme Court lifts stay on Haryana quota for private jobs -Krishnadas Rajagopal
-The Hindu The Haryana High Court order had stayed a controversial State law which provides 75% reservation for local youths in private sector jobs earning less than Rs.30,000 a month. The Supreme Court on Thursday set aside a Punjab and Haryana High Court order staying a controversial State law which provides 75% reservation for local youths in private sector jobs earning less than ₹30,000 a month. Industry associations have said the law “affects...
More »Govt releases draft MSME policy; proposes 8 ‘action areas’ to overhaul the sector -Sandeep Soni
-FinancialExpress.com Ease of Doing Business for MSMEs: The government has highlighted eight “specific action areas” to “build a vibrant eco-system for the rapid growth of the MSME sector.” Ease of Doing Business for MSMEs: The MSME Ministry has released the draft National Policy for Micro, Small and Medium Enterprises (MSMEs) in India, proposing multiple measures to promote competitiveness, technology upgradation, cluster and infrastructure development, procurement of MSME products and dedicated credit support....
More »Demand for lower cotton prices is not justified -A Narayanamoorthy
-The Hindu Business Line The textile industry’s vociferous demands will hit cotton farmers, who are facing the brunt of rising costs The recent rise in the price of cotton yarn seems to have hit the textile manufacturers hard, so, a large section of participants involved in value chain products of cotton has called on the government to take measures to arrest the price rise. While demanding higher taxes on cotton exports, they have...
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