|
|
FISME demands separate pre-budget session for MSMEs
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 14 Jan, 2012
The Federation of Indian
Micro and Small & Medium Enterprises (FISME) Friday demanded a
separate pre-budget session for micro, small and medium enterprises
(MSMEs) with the Finance Minister.
President of FISME, V.K. Agarwal said, "The MSME sector has its own set
of issues distinct from the large companies. Their needs and aspirations
require customized policy responses.β He, therefore, demanded a
separate pre-budget session for MSMEs with the Finance Minister.
According to him, in spite of contributing about 8 percent to the
India's Gross Domestic Product (GDP), 45 percent to total manufacturing
output and 40 percent to exports, the MSME sector is no longer in the
list of groups invited by the Ministry of Finance for pre-budget
consultations.
The Finance Ministry used to hold a separate session with the SSI sector
earlier which was discontinued in 2004. Only one or two representatives
are now invited interspersed with corporate sector groups.
MSME associations emphasize the need for government-business
consultations covering a wider group. Experts are also of the view that
absence of engagement or constricted consultations with wider
stakeholder groups is the chief hurdle to consensus building. Recent
confusion in introduction of FDI in multi-brand retail could have been
avoided if a conscious consensus building approach was adopted
βIn the absence of access to institutional platforms of dialogue in many
Ministries, MSME associations are left with no option but to resort to
rhetoric and to take-up rigid positions creating a lose-lose outcome,β
Agarwal said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|