-Financial Express Directions have been issued to ensure that all the cane in the area is crushed and if the sugar mill is not in a position to do this, the mill should coordinate with other mills in the neighbouring area. Maharashtra’s sugar commissioner has issued a notification warning sugar mills against shutting down operations without informing the Commissionerate and giving prior notice to farmers. The move comes in the wake of...
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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 »A leg-up for cooperatives -Anshu Singh, Pallavi Ingale and Hema Yadav
-The Hindu Business Line A host of initiatives in the Budget should make the sector vibrant Budget 2022 seeks to double farmers’ income by building a robust system that enables easier access to finance, the marketplace and new-age technology. The government has allocated a sizeable amount for rural infrastructure development. This will help farmers get better access to the marketplace National Federation of State Co-operative Banks (NAFSCOB) data of 2019-20 shows that around...
More »New EPFO accounts no proxy for new jobs -Santosh Mehrotra and Kingshuk Sarkar
-FinancialExpress.com Recent registrations cited as proof of job creation were mostly formalisation of existing jobs Defending the Centre’s record on employment, prime minister Narendra Modi, in a speech in Rajya Sabha, talked about the impressive net enrolment to Employment Provident Fund Organization (EPFO): during 2021, 1.20 crore beneficiaries were enrolled under EPF—about 65 lakh beneficiaries in the 18-25 age bracket, implying they are first-time entrants to the labour market. He connected the...
More »Centre extends police modernisation scheme
-The Hindu It focuses on security, law and order The Union Government has approved the continuation of a police modernisation scheme for five years up to 2025-26 with a Financial outlay of ₹26,275 crore. The Union Home Ministry said the scheme includes security-related expenditure in Jammu and Kashmir, northeastern States and Maoist-affected areas, for raising new battalions, developing high-tech forensic laboratories and other investigation tools. The scheme has been approved for the period from...
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