-The Indian Express While job loss was reported at the rate of 43% in the trader segment, micro-segments reported job losses of 32%, small segments reported 35% and medium-scale industries reported 24% job losses. Traders and micro, small and medium enterprises (MSMEs) across the country have reported steady job loss and declining profits since 2014 and demonetisation, the roll-out of GST are among the reasons for the slowdown, according to a...
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A tale of two States: the differing politics of rural Madhya Pradesh and Rajasthan -Vikas Pathak
-The Hindu With farm distress becoming a major electoral issue in the run-up to the 2019 Lok Sabha election, Vikas Pathak visits two pockets of rural India, Mandsaur in Madhya Pradesh and Jodhpur district in Rajasthan, and finds that the political instincts of the rural voter are not necessarily rooted in agriculture. A few farmers sit huddled near a statue of Sardar Patel at Balaguda village in Mandsaur, Madhya Pradesh pouring out...
More »Rajasthan's Unorganised Gems and Jewellery Industry May Want to Punish BJP -Shruti Jain
-TheWire.in Several people who worked in the industry say demonetisation and the GST crippled their business. Jaipur: However much the Bhartiya Janta Party (BJP) may wish to overlook the impact of demonetisation and the Goods and Services Tax on the unorganised gems and jewellery sector in Rajasthan, the workers and households who bore the brunt of the twin economic policies are resolute in their decision to vote the BJP out of power. The...
More »Three years on, bank credit to MSEs continue to shrink -Mayur Shetty
-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
More »Recalculating GDP figures isn't wrong, it's strange. Let CSO explain this -Ashok V Desai
-The Economic Times The NDA government has been a pioneer a number of times. Demonetisation and the goods and services tax (GST) are only its bestknown antics. Now it has taken the lead in politicising national income statistics. Normally, the Central Statistical Office (CSO) issues a press note every quarter, giving figures of national income and its components for the previous quarter. The figures do not make headlines. The common man has...
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