-The Daily Pioneer The MSME sector does not need more laws and regulation but handholding and support in India The importance of the MSME in the economic and social development of the country, especially for developing nations, has been established in various studies conducted by the international institutions. In India, the role of SME is proven by the fact that they contribute about 30 per cent of the GDP and 45 per...
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Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma
-TheLeaflet.in Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India’s GDP and export story....
More »Whose development is it anyway? -TK Rajalakshmi and Akshay Deshmane
-Frontline.in The Assembly elections have put under intense scrutiny Narendra Modi’s Gujarat model of development which is touted as worthy of replication throughout the country. Audit reports of the CAG provide ample evidence of it being inefficient, corrupt and not beneficial to the common people. THE standard indicators of development, as is understood in theory and practice, comprise a range of indices, and not necessarily the level of private investment in...
More »Delhi govt promises basic healthcare at your doorstep -Sanchita Sharma
-Hindustan Times New Delhi: Taking note of the issues raised in HT’s Sick Hospitals investigation, Delhi health minister Satyendar Jain on Friday promised to bring primary healthcare to the doorstep of every Delhiite with neighbourhood clinics, diagnostic labs and free ambulance services. “Currently, Delhi hospitals score two on (a scale of) 10,” admitted Jain. “Give me two years. They will at least score a six on 10. HT should do a follow-up...
More »Odisha scheme for migrant construction workers from state
-IANS Bhubaneswar: The government Wednesday decided to register construction workers from Odisha employed outside the state and provide them with all the benefits available to construction workers within the state. This was decided at a meeting chaired by Odisha Chief Minister Naveen Patnaik here, said official sources. The meeting decided to extend housing loans subject to a maximum of Rs.one lakh at an interest rate of two percent to the construction workers. The...
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