-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
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Explained: Why it’s an underestimate to say only 6% farmers benefit from MSP -Harish Damodaran
-The Indian Express The actual number could be anywhere between 15 per cent and 25 per cent. “Only 6% of Indian farmers benefit from minimum support prices (MSP)”. So widely-quoted is this figure — especially in the context of the recently-passed Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act — that it has become a factoid or even truism. What is, isn’t counted The apparent source of the 6% figure is the Shanta...
More »A fiscal crisis: Why FCI needs provisioning in food subsidy budget -Sandip Das
-Down to Earth Mounting expenses, under-provisioning of food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of food subsidy expenses in successive union budgets — has forced FCI to take loans to finance its operations. FCI is the central agency that manages procurement, storage...
More »Workers returning to Delhi post-lockdown stare at joblessness -Ashok Kumar Soibam and Rocky Singh
-The Hindu Several workers returning to Gurugram and Delhi from their home towns after the lockdown discover their employers have already filled their positions Vijay Mishra, a chhole-poori vendor on Jharsa Road in Gurugram, is the odd man out among a row of fruit sellers. The 38-year-old makes ₹200-₹300 daily, not even half of what he used to earn at his job in Maruti Suzuki India LIMited before the lockdown. Like thousands of...
More »There is much in the labour codes that needs to be discussed and debated -Ravi Srivastava
-The Indian Express Government’s response to migrants’ plight, economic crisis, has been to unilaterally bring changes in labour laws. But industrial prosperity cannot be built on a race to the bottom for workers. Only weeks ago, India, and the entire world, witnessed the spectacle of the country’s employment precarity pour out on its roads and highways — men, women and children, in distress of having lost jobs, income and shelter, with no...
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