-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
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Economic slump: Modi govt re-arranging furniture when house is on fire -Subodh Varma
-Newsclick.in Measures announced by the finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...
More »Prudent prescription: on MSME sector
-The Hindu An RBI panel’s suggestions on the MSME sector cut to the heart of crucial issues The micro, small and medium enterprises (MSME) sector in India is not only a key engine of growth, contributing more than 28% of the GDP and about 45% to manufacturing output. It is also a true reflection of economics where people really matter. Providing employment to about 111 million people, the sector’s health is crucial...
More »PM Modi's pet schemes underperforming in Gujarat: Report -Avinash Nair
-The Indian Express Stress faced by certain industries, drought in some areas hurt patronage of financial schemes for MSMEs, says State Level Bankers’ Committee report Ahmedabad: The Union government’s high profile financial aid schemes meant to support the micro, small and medium enterprises of the country have not performed as well as expected in Gujarat, a report of the State Level Bankers’ Committee (SLBC) released on Tuesday showed. Districts such as...
More »How Many Jobs Did MUDRA Create? Modi Won't Tell You Before Election
-Newsclick.in Earlier, the government stopped the release of the NSSO report on unemployment for 2017-18 and the sixth Labour Bureau annual employment-unemployment survey. Both showed an unprecedented rise in job losses. New Delhi: For the third time, the Narendra Modi government has stopped the release of government data on jobs created in the country before the 2019 Lok Sabha elections. The Indian Express reported on March 14, 2019 that a survey by the...
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