‘Those crying ‘jobless growth’ far removed from reality’


Team Udayavani, Jun 3, 2017, 9:59 AM IST

New Delhi: Union Minister Kalraj Mishra today debunked claims of ‘jobless growth’ in the three years of the Narendra Modi-led NDA government, saying those making such assertions were far removed from reality.

Sharing job numbers created from various schemes under the micro, small and medium enterprises (MSME) Ministry, Mishra said efforts were being made towards employment generation.

The Minister said about 11 lakh jobs have been created in the last three years by the flagship scheme of the MSME Ministry — the Prime Minister’s Employment Generation Programme.

However, he admitted that there were “difficulties initially” and some job losses after demonetisation, adding that the jobs were restored after a few months.

Asked about the implications of the rollout of Goods and Services Tax on the MSME sector, the Minister said if there are difficulties, the government will think over them.

The excise duty exemption limit for micro, small and medium enterprises (MSME) is Rs 1.5 crore at present. However, the GST Council has set a threshold limit for the exemption in the rest of India (excluding businesses in the Northeastern and hill states) at an annual turnover of Rs 20 lakh.

Addressing a press conference here, Union MSME Minister Mishra said the country will soon have a comprehensive policy for micro, small and medium enterprises.

He said the policy will be unveiled shortly after some modifications in the report submitted by the one-member panel of former Cabinet Secretary Prabhat Kumar.

The country does not have an MSME policy till date. Kumar had submitted a report on formulation of a National MSME Policy to Mishra earlier this year.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

HC directs Delhi govt to appoint ex-officio members to state mental health authority

‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble

Related Articles More

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.