Jaitely launches online portal to assist MSMEs
The Dollar Business Bureau Finance Minister Arun Jaitely on Thursday launched two key initiatives – MSME Databank Portal and Online Finance Facilitation Web Portal – with a common focus to bring transparency and efficiency in the MSME day-to-day operation. “The Ministry of MSME is making online census of the MSMEs in the country for the first time by launching a comprehensive databank on http://www.msmedatabank.in. This will not only save the efforts and money required for physical census but will also enable the MSME units and the various associations to furnish data on click of the button and sitting in their units,” said Jaitely, on the margins of the 14th meeting of the National Board of MSME. The MIS dashboard will provide real-time information on different ...
More jobs in industry, services must to eliminate poverty
The Dollar Business Bureau While agriculture sector has limited potential, job creation in industry and services is the key to India’s prosperity, said Arvind Panagariya, Vice-Chairman, NITI Aayog. He said even though half of India’s workforce is engaged in agricultural activities, the sector contributes only 15% to the country’s Gross Domestic Product (GDP). The remarks came as Panagariya launched the organisation’s website www.niti.gov.in on Monday. “Unless workers have the opportunity to migrate to better paid jobs in these sectors, they will be unable to fully share in the prosperity experienced by a fast-growing economy,” Panagariya wrote in his first blog posted on the website. Expressing concern over low rate of growth in agriculture sector, he said that those engaged ...
