Author: Debashis Bandyopadhyay
Finally, it appears the foreign trade policy, 2021-26 is going to be announced. Though there is no official announcement, media predict that the long delayed FTP is finally going to be released on 29 September, 2022.
The last FTP, originally for the five period of 2015-2020, was deferred twice in 2020 and 2021 citing the unprecedented…
Author: Sundeep Mohindru
The Government of India introduced MSME in accordance with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. In November 2021, the government introduced the Special Credit Linked Capital Subsidy Scheme for MSMEs (Micro Small and Medium Enterprises) within the service industries. Recent scheme involves a 25 per cent capital subsidy for the…
Author: B. Yerram Raju
-- Despite the MSME Development Act, 2006, and Atmanirbhar Bharat Abhiyan package in the pandemic the manufacturing micro and small enterprises (MSEs) continue to suffer in the areas of credit, supply chains, and technologies. Mid corporates or the medium enterprises constituting just two per cent of the total MSMEs get better attention than the MSEs under the law. If after…
By B Yerram Raju
-- The Draft National MSME Policy, targeting V-shaped recovery after the Covid pandemic and the $5-trillion economy by 2025 (since extended by two years to 2027), seems to have seen the world more than India. There is a virtue in looking at the policies of other countries during the pandemic. However, the policy nowhere mentions…
Blog written by: B. Yerram Raju
Usually, the Economic Survey presented a day before the Union Budget is expected to lay the foundation for a policy direction. It acknowledges the challenging times for policymaking – this time against the backdrop of the pandemic impact, especially on the vulnerable sections, fall in consumption in the medium term and…
I. INTRODUCTION
The inception of this article cannot be more defining than quoting the Finance Minister of India, Smt. Nirmala Sitharaman in her Budget Speech of 2022;
“Start-Ups have emerged as the drivers of growth for our economy. Over the past few years, the country has seen a manifold increase in the number of…
By Shachindra Nath, Executive Chairman & Managing Director, U GRO Capital
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MSMEs play a critical role in the equitable socio-economic development of India. The sector contributes about 30% of India’s GDP and about 48% to exports while playing a pivotal role in employment generation, especially in semi-urban and rural areas. The success of this sector is, therefore,…
By S.M. Patwardhan
Nagpur
Under Employees' State Insurance Scheme (ESI) of Central Government, employers’ and employees presently contribute 4.0 per cent of wages (Employer-3.25 per cent+0.75 per cent-Employees) towards this scheme.
For over 6 -7 decades both employees and employers had been consistently contributing towards ESI scheme, failing which ESI authorities relentlessly levy penalty and penal interest and recover dues…
DC Sekhar, Alphamers
The rise of spring tide in Gulf of Khambat is over 10 Meters. Few other locations in the world have such large tidal ranges. This is nature’s way of providing us a large amount of ‘power’ every few hours and taking it back, since we have not learnt to harness it.
The ocean provides us ‘power’ to…
DC Sekhar, Alphamers
Ironically, did not happen in the ocean, but in rivers draining into the ocean. This costed under 100,000 USD in capital costs; No boats or operating costs were incurred to arrest the plastics.
* With technology developed by AlphaMERS in 2015, about 22000 Tons of trash including 2200 Tons of plastics were stopped from reaching the ocean from…
