According to AICA, the price of mild steel plate has gone up by 82.22%, aluminium alloy by 94.34%, copper by 109.86%, pig iron by 50%, MS scrap by 48.15% and PVC pipe by 47.44%, since April 2020.
COIMBATORE: At least 170 associations of micro, small and medium enterprises (MSMEs) in the country have come together to seek the Union government’s immediate intervention in controlling the price hike of raw materials. They petitioned the Centre on Wednesday.
In a press note, the All India Council of Association of MSMEs (AICA) said there was a steep rise in the price of raw materials, especially that of steel and pig iron, despite their low consumption and significant drop in the production during the lockdown.
Synopsis
India’s largest telco Jio, in its just released annual report for FY20-21, called MSMEs the bedrock of Indian economy which lack access to integrated digital services and the know-how to adopt.
Agencies
India’s top telcos Reliance Jio, Bharti Airtel, Vodafone Idea (Vi) along with the likes of
Tata Teleservices are focussing on the medium and small-scale enterprises (MSME) as these businesses get digitised and become better revenue options than the larger established corporates with fixed network service providers.
India’s largest telco Jio, in its just released annual report for FY20-21, called MSMEs the bedrock of Indian economy which lack access to integrated digital services and the know-how to adopt.
These women entrepreneurs are simplifying the legal world yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
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COVID-19 raised its ugly head again leaving the micro, small and medium enterprises (MSMEs) worse off than before the first attack. When Jayant Sinha, Union minister for external affairs mentioned in March 2021 that not enough has been done for the MSME sector, it requires a deeper study. The only good thing that happened to the sector is the change in the definition of the twin criteria of investments and turnover.
There is a font-page ad of Amazon in
The Hindu dated 14th April that boasts that 2.5 million MSMEs out of the targeted 10 million are digitised! Nobody has a clue about the share of the manufacturing sector in such digitisation. The government of India (GoI) has one dependable clue to show up that figure–namely, the goods and services tax (GST). But this figure also does not indicate the manufacturing MSME s contribution! Some 300,000 jobs are services sector and not in manufacturing where there is job loss.
COVID19 & MSMEs: The Black Hole Called Data moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.