New Delhi, May 14, 2020:
Universal minimum wage
“Introducing a uniform national floor wage is a much-needed reform that will provide income security to over 180 million informal workers. India’s MSME could especially be significantly impacted as labour cost forms almost half of their working capital and this additional financial burden could reduce their competitiveness. Hence, policymakers must focus on rationalisation of energy purchase costs and provide impetus to increase energy efficiency measures in MSMEs to help them retain their competitiveness.” – Hemant Mallya, Senior Programme Lead, CEEW
Liquidity Support for Farmers
“It’s encouraging to see additional liquidity support to farmers in distressing times. Within NABARD’s refinancing of INR 29.500 crore, a particular focus should be brought to post-harvest management of perishable commodities. We have already witnessed perishables worth thousands of crores getting wasted due to lockdown. By extending preferential credit to Farmer Producer Organisations (FPOs) to implement post-harvest solutions such as solar drying, small scale food processing, and farm-gate cold storages, we can not only avoid the food wastage but also enhance rural farm and non-farm incomes.” – Abhishek Jain, Senior Programme Lead, CEEW
Corporate Comm India (CCI Newswire)
