-Newsclick.in After facing severe setbacks due to demonetisation, hasty implementation of GST, and the ill-conceived COVID-19 lockdown, the MSMEs are gasping due to a steep rise in raw material prices. In a first, the entrepreneurs of the micro medium and small enterprises (MSME) went on a one-day strike across the country on Monday. Affected severely by the policies of the Union government, the ill-planned lockdown in March 2020, and now by the...
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GDP Numbers: What’s Wrong With How India Measures Manufacturing Output Data -Kaushal Shroff
-TheWire.in A claim of an 8.4% real GDP growth rate has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narrative that economic growth is indeed back on track. However, sorely missing from these narratives is the inconvenient factoid on the currently dismal state of...
More »With fewer migrants returning in COVID 2.0, U.P. says many stayed back after 1st wave
-The Hindu U.P. was the only State to do a skill mapping exercise of returning migrants last year, says an official Just four lakh migrant workers returned to Uttar Pradesh during the second COVID-19 wave this year, compared to 40 lakh workers after the national lockdown of 2020, indicating many of these workers may not have returned to their earlier workplaces after the first wave and got gainfully employed in U.P., top...
More »Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma
-TheLeaflet.in Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India’s GDP and export story....
More »How e-commerce marketplaces can drive MSME makeover -Aruna Sharma
-The Indian Express Digital empowerment is the key differentiator. Without that, our MSMEs will not be future ready. A significant major contributor to the India growth story is going to be manufacturing. Manufacturing by small units, cottage units and MSMEs, if effectively facilitated, will be the game changer to accelerate economic growth, employment, income levels and enhance supply chain efficiencies. For MSMEs to be sustainable and effective, the need of the hour...
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