Synopsis
Manguirish Pai Raiker said many entrepreneurs who used to run small and micro enterprises have lost their lives, leaving the future of these units in jeopardy.
Shaktikanta Das announced several policy steps to offset the economic impact of the second Covid-19 wave on MSMEs and small businesses.
(This story originally appeared in on May 08, 2021)PANAJI: The initiatives taken by the Centre and the Reserve Bank of India (RBI) to support and promote the MSME sector are a step in the right direction. However, the government must also ensure that bureaucratic hurdles are removed, chairman of the National Council for MSME of Associated Chambers of Commerce and Industry of India (ASSOCHAM), Manguirish Pai Raiker, said.
Cap on flights too
The government has also limited the number of flights that airlines can operate within the country. “The perennial challenge ever since the pandemic happened is that the Indian government has always looked at how to regulate the supply side,” said an industry source. “But neither the government nor aviation industry bodies have looked at the demand side.
“Everybody s been working in silos… and that’s because everybody s busy addressing the procedures regulated by the government.”
Finally, a bailout?
India’s aviation sector – including travel agents - is pushing for more government aid through the Confederation of Indian Industry (CII) and Associated Chambers of Commerce of India, among other industry forums.
Assocham MSME chairman urges Centre to relax norms in view of second wave
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Synopsis
Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the surge in cases and the economic slowdown brought about by the pandemic in the first month of 2021-22.
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Manguirish Pai Raiker, said that there are over 63 crore MSMEs registered across India of which 11-12% have most likely closed while another 10% are struggling to stay afloat.
PANAJI: The second Covid-19 wave has hit the MSME sector, particular the micro and small enterprises who were just about recovering from the first wave, said Manguirish Pai Raiker, chairman, National Council for MSME of Associated Chambers of Commerce and Industry of India (Assocham).
Industry leaders write to PM, suggest measures to tackle second wave of Covid freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.