-The Financial Express Ahmedabad: With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of R500 and R1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. “There are two lakh registered MSME units in Gujarat, several of which form ancillary units for the textile industry such as for...
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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Indian MSMEs yet to reap the benefit of Govt. schemes, says a recent report
A recently released report shows that only a few enterprises belonging to the labour-intensive Micro, Small and Medium Enterprises (MSME) sector could take advantage of the 205 number of public schemes (available in October 2015) of various Ministries or Departments of the Government, as listed at the website www.clusterobservatory.in. (Please click here to access the report on MSMEs and the challenges they face). Prepared by the Foundation for MSME Clusters...
More »How Tamil Nadu's rural industry model can keep farm unrest at bay -Harish Damodaran
-The Indian Express Decentralised industrialisation, entrepreneurship from below have been absent in states that have seen recent unrest among agrarian communities. “The soil here is very saline with electrical conductivity value of 9. We can grow only chloride-loving crops like coconut and the MR-2 variety of mulberry.” That was Tamil Selvi, recently telling this correspondent about the 5.75-acre land farmed by her father Natarajan Gounder at Velayuthagoundanpudur, a small village around 25...
More »Panchayati Raj Ministry: A downgrade for democracy -Mani Shankar Aiyar
-The Hindu Confining it to just the Ministry of Rural Development would be the most retrograde step in democratic decentralisation in over a quarter century. If, as The Hindu’s exclusive on Wednesday indicates, Prime Minister Narendra Modi were to close down the Ministry of Panchayati Raj, it would confirm one’s worst fears about his government’s hypocritical approach to grass-roots democracy for grass-roots development. This was a lacuna that was evident in the ‘Gujarat...
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