The government has approved the road map for implementing the micro, small and medium enterprises (MSMEs), farmer and street vendor package that was announced earlier as part of the\u00a0Rs 20 lakh crore stimulus to restart the economy. APN<\/em>\u2019s popular debate\u00a0Mudda<\/em>\u00a0discussed the issue with economic experts Mukesh Mohan Gupta and Ajay Prakash, and UP Industrial Development Minister Satish Mahana.<\/p>\n

Gupta said: \u201cChallenges are being faced by all sectors, the reason being the global coronavirus pandemic. The new definition of MSME has broadened its scope. Moody\u2019s has downgraded India\u2019s rating, but that\u2019s the same story with many other countries. In the US, there is unprecedented rioting happening, so that;\u2019s no better. Manufacturing has been impacted here, so the rating will go down.\u201d<\/p>\n

Mahana said: \u201cThe Rs 20 lakh crore package is geared to instill confidence among the labour and industry stakeholders. See, the world is in the grip of an economic crisis, but PM Modi has been taking decisive steps. Unlock 1 will help to revive economic activities, and for that the consumer has to come in the market. No one can say how long Coronavirus will last. Under MNREGA, help has been reached out to the vulnerable sections\u2026 the effort is to go in for strong handholding. We have to focus on survival and revival. You just can\u2019t look at industry for revival, agriculture also needs to be boosted, cash inflow has to be looked into. We are mapping the skills of the labour, and helping in matchmaking skills with needs. We will not leave any stone unturned in the interest of industry and the workers. Modi has been forward-looking and transparent, there is no room for corruption. We are looking at the opportunity behind the challenge. US is in the grip of a crisis. But a dialogue has been started with other countries. \u201cAdvantage UP\u201d is being looked into in the fields of milk production, surface water, infrastructure, etc. We are focusing on Advantage UP and UP will be preferred state for investing in the country with ease of doing business. See, we are in a strong position, but the economic crisis is being faced globally, so how can we talk about our country alone? We have to focus on how to get out of the crisis.\u201d<\/p>\n

Prakash said: \u201cIndia has huge numbers, but with no earning, demand has been low. We have been told 80 percent units have started work, but they are on 25 percent capacity. We are unable to utilize the capacity to the fullest because labour is away.\u201d<\/p>\n

Gupta said: \u201cWhen sick, we can\u2019t run, so how can we expect our economy to be normal. Demand is low, rating will be down. Cases are going up.\u201d<\/p>\n

Prakash said: \u201cThe Five Is pointed out by the PM– Intent, Inclusion, Investment, Infrastructure and Innovation are very important. Only the top 1 percent has been getting richer, now we need to broaden the base.\u201d<\/p>\n

Gupta said: \u201cWe need to think of local products to remain healthy.\u201d<\/p>\n

Prakash said: \u201cWe have the opportunity, but we need to act fast, we need labour reforms, tax systems, satisfaction has to be provided to the foreign investor. The desire is there to attract foreign investment but we have not been as fast as we should have been. At first, we need to get labour back, and restore the supply chain and value system, and check out competitor countries like Korea and some other south east Asian countries, we need to strengthen the base.\u201d<\/p>\n

<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n
<\/div>\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The government has approved the road map for implementing the micro, small and medium enterprises (MSMEs), farmer and street vendor package that was announced earlier as part of the\u00a0Rs 20 lakh crore stimulus to restart the economy. APN\u2019s popular debate\u00a0Mudda\u00a0discussed the issue with economic experts Mukesh Mohan Gupta and Ajay Prakash, and UP Industrial Development […]<\/p>\n","protected":false},"author":4,"featured_media":87559,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[15],"tags":[93584,1914,93659,93658],"yst_prominent_words":[35078,93656,93652,93657,4472,7032,5873,50155,4065,7865,7902,33791,8647,58134,28757,31662,20984,91586,50994,93650],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2020\/06\/02143626\/IMG_6006-1.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/87558"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=87558"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/87558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/87559"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=87558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=87558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=87558"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=87558"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=87558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}