-The Hindu The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...
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Factories Act revamp may signal labour law reforms
-The Times of India NEW DELHI: Just days before the 2014-15 Union Budget, the government on Monday said it plans to amend the archaic Factories Act, 1948 - the first move in more than a decade to revamp labour laws. Most governments have avoided labour reforms for fear of a backlash from the politically powerful labour lobby. Companies have cited obsolete labour laws as a key hurdle for doing business and the...
More »Lok Sabha elections: Party manifestoes have little clue of factory job creation -Subhomoy Bhattacharjee
-The Indian Express The Planning Commission numbers show that in the unorganised manufacturing sector, value added per worker has come down by over 5 per cent in the last decade. The Congress and the BJP manifestoes for the general elections talk about the need for raising employment numbers in multipliers but hardly show any understanding of where to maximise those. For both, the Holy Grail is rising of the profile of the...
More »Women entrepreneurs face constraints in accessing finance
A new report entitled Improving Access to Finance for Women-owned Businesses in India (2014), jointly produced by the International Finance Corporation (IFC) and Government of Japan, underlines the importance of lending to women-owned micro, small and medium enterprises (MSMEs)* in India (see the link below). It discusses the problem of accessing finance faced by women entrepreneurs despite them having stronger repayment track records vis-à-vis men (non-performing loans are 30 to...
More »Karnataka LS members spent 75 p.c. of MPLADS funds-Anil Kumar Sastry
-The Indian Express They were entitled to a total of Rs. 516.93 cr. in 2009-14 Bangalore: Members of the 15th Lok Sabha from Karnataka have spent about 75 per cent of the funds under the Member of Parliament Local Area Development Scheme (MPLADS). Among them, Bellary MP J. Shantha has spent the least - Rs. 5.89 crore out of the Rs. 12.11 crore released (48.65 per cent). According to the Union Ministry of...
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