Congress Criticises Modi's Policies, Calls MSME Situation Dire
ECONOMY & POLICY

Congress Criticises Modi's Policies, Calls MSME Situation Dire

The Congress party has sharply criticised Prime Minister Narendra Modi's policies, accusing them of severely damaging India's Micro, Small, and Medium Enterprises (MSMEs). In a recent statement, Congress spokesperson Gourav Vallabh described the government's actions as a "systematic bludgeoning" of the MSME sector, leading to what he termed an economic catastrophe.

Vallabh highlighted several key areas where he believes the government has failed. He pointed to the implementation of the Goods and Services Tax (GST) and demonetization as two major policy missteps that have had long-lasting negative impacts on small businesses. According to Vallabh, these policies disrupted the operations of countless MSMEs, resulting in widespread closures and job losses.

The Congress spokesperson also criticised the handling of the COVID-19 pandemic, arguing that the lack of adequate support for MSMEs during lockdowns exacerbated their struggles. He claimed that many businesses were left to fend for themselves without sufficient financial aid or policy support, leading to further economic distress in the sector.

In addition to these critiques, Vallabh underscored the importance of the MSME sector to India's economy. He emphasised that MSMEs are a crucial source of employment and innovation, and their decline has significant repercussions for economic growth and stability.

The Congress party has called for immediate remedial measures to support and revive the MSME sector. Vallabh urged the government to provide targeted financial assistance, ease regulatory burdens, and ensure better implementation of supportive policies to help MSMEs recover and thrive.

The Congress party has sharply criticised Prime Minister Narendra Modi's policies, accusing them of severely damaging India's Micro, Small, and Medium Enterprises (MSMEs). In a recent statement, Congress spokesperson Gourav Vallabh described the government's actions as a systematic bludgeoning of the MSME sector, leading to what he termed an economic catastrophe. Vallabh highlighted several key areas where he believes the government has failed. He pointed to the implementation of the Goods and Services Tax (GST) and demonetization as two major policy missteps that have had long-lasting negative impacts on small businesses. According to Vallabh, these policies disrupted the operations of countless MSMEs, resulting in widespread closures and job losses. The Congress spokesperson also criticised the handling of the COVID-19 pandemic, arguing that the lack of adequate support for MSMEs during lockdowns exacerbated their struggles. He claimed that many businesses were left to fend for themselves without sufficient financial aid or policy support, leading to further economic distress in the sector. In addition to these critiques, Vallabh underscored the importance of the MSME sector to India's economy. He emphasised that MSMEs are a crucial source of employment and innovation, and their decline has significant repercussions for economic growth and stability. The Congress party has called for immediate remedial measures to support and revive the MSME sector. Vallabh urged the government to provide targeted financial assistance, ease regulatory burdens, and ensure better implementation of supportive policies to help MSMEs recover and thrive.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000