-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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Labour codes need to be drafted keeping in mind realities of informal sector workers -Ileena Roy and Ranjana Das
-The Indian Express These vulnerabilities of the informal sector became even more prominent as the entire country went into a state of suspension due to the lockdown enforced as a state response to the pandemic. Finance Minister Nirmala Sitharaman in her budget speech referred to the implementation of the four labour codes, closing the process that started 20 years ago. She also mentioned a handsome Rs 15,700 crore for MSMEs, more than...
More »Govt aims to increase MSME contribution to 40% of GDP: Nitin Gadkari -Jahnavi Nidumolu
-Livemint.com * The Union minister said that industries in village and Khadi generate as much as Rs.88,000 crore on an annual basis * So that the rural poor are benefited, he said the government's aim is to increase the contribution of the MSME sector to 40% from 30%, stating that there are 6.5 crore units Nitin Gadkari, Union Minister for Micro,Small & Medium Enterprises (MSME) and Road Transport & Highways, has suggested to...
More »Budget 2021 fails to give priority to boosting jobs -Ashwini Deshpande
-The Indian Express The budget should have shown how serious it was about inclusive growth by announcing direct cash support to informal workers, circular migrants, agricultural labour, in addition to steady in-kind food transfers from the overflowing coffers of the FCI by making PDS universal. India’s annual budget, announced amidst much anticipation, focused on health as one of its key pillars. The fact that health and “inclusive growth” found their way into...
More »68% start-ups, MSMEs didn't benefit from Centre's COVID-19 schemes, claims survey -Joe C Mathew
-BusinessToday.in Funding remains major problem for startups and MSMEs, survey reveals; around 28 per cent listed raising funds or loans as top challenges in 2021, while another 25 per cent were worried about finding growth A clutch of MSME (Micro, Small & Medium Enterprises) and startup schemes of the Centre, which were meant to help them tide over Covid-19 crisis may not have helped, an online poll by community social media platform...
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