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Surrealism is a permanent invitee in India’s political economy and systemic creativity is on exhibition in every session of Parliament. The first week of the monsoon session produced a masterpiece. The government informed Parliament that “No deaths due to lack of oxygen has been specifically reported by states/UTs”. In art, surrealism is about unleashing the creative potential of an unconscious mind by means of irrational juxtapositions and combinations. In India’s political economy, surrealism is the outcome of conscious obfuscation of inadequacies. The technically correct (after all the Union Government only conveys what States report) and politically disastrous articulation reflects the pervasion of apathy and insensitivity. Such is the state of affairs that the bureaucracy has erased the distinction between data and information, between deniability ....
A Glimpse At What Indiaâs Digital Payments Sector May Look Like In The Not-Too-Distant Future by Swarajya Staff - Jun 2, 2021 12:37 PM Source: People vector created by pch.vector - www.freepik.com Snapshot The Smahi Foundation reports hints that financial inclusion in India is just the beginning of the massive changes towards a highly financialized society Smahi Foundation has recently published a detailed report on Digital Payments in India. Digital payments is an exciting space changing the way business is conducted in India, bringing in greater formalization, compliance and financialization. The report brings out the tremendous growth experienced in this regard especially after the Jan Dhan Accounts were opened and the JAM trinity came into play. ....
0 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.
Maharashtra: Pune Emerges First In Employment Creation And Investments In MSMEs Pune City (image-Pune City/Facebook) According to the economic survey of Maharashtra, Pune emerged as the most preferred destination for Micro Small and Medium Enterprises (MSME) of the state in terms of both investments and employment generation. Of the 17.67 lakh Udyog Aadhar generated for the MSME units, 4.04 lakh are in Pune and of the 91.01 lakh jobs generated, 23.59 jobs were created in Pune. Of the Rs 2,38,543 crores total investments brought in by the MSME units, Pune has cornered Rs 69,866 crores. Pune has again topped in the state in terms of investments in Special Economic Zone (SEZ)s, reports ....