-The Hindu Business Line MSMEs face a credit gap of ₹25 lakh crore as formal lenders meet less than 15 per cent of the sector’s requirements Quarterly MSME loan disbursements have increased over two-fold in the last two years, but the approval rate for medium-risk MSMEs has seen no improvement — a reflection of the lender’s low risk appetite, according to venture capital firm BLinC Invest. The increase in disbursements has been made...
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Big industries don’t observe uniform labour standards in India: Bharatiya Mazdoor Sangh at ILO meet -AM Jigeesh
-The Hindu BMS chief Hiranmay Pandya said workers face low wages, lack of job security and social security benefits, and had to suffer poor working conditions this year On the second day of the Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), representatives of workers and employers from India on Wednesday highlighted the employment situation in the country. While employers hailed the Union government’s steps to “help” workers...
More »Need to make agri credit system equitable -Bishwa Bhaskar Choudhary
-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...
More »Is EPFO data right metric to show job creation? No, say experts citing its data limitations -TCA Sharad Raghavan
-ThePrint.in Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert New Delhi: While the government often cites monthly data from the Employees’ Provident Fund Organisation (EPFO) — the latest edition of which was released on Friday — to show that Formal sector employment is growing in India, economists say that the data is flawed, prone to inflation and captures only...
More »Poverty, Inequality and a Pay Scale That Depends on Contractors' Whims: Scenes From Narela -Deepanshu Mohan, Tavleen Kaur Saluja, Jignesh Mistry, Hima Trisha and Sriniket Bandaru
-TheWire.in The Narela industrial complex is one of the biggest in Asia, packed with booming small-scale industrial units. It runs entirely on the labour of low-income workers who have very little say on their pay and living conditions. In order to start liberalising trade and industrial production capacity through economic policy, the Indian nation-state began implementing a set of Washington Consensus style neo-liberal economic reforms in the early 1990s. The liberalisation push across...
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