//21 Oct 2019
India needs to add manufacturing to the still overwhelmingly agricultural rural economy to create jobs. This can be done by setting up units in food processing, dairy, poultry and fisheries. Acold chain will preserve perishables and increase farm incomes. Units for bio-energy, garments, footwear and souvenirs can be set up in barren lands near villages.
Here again, manufacturing can produce jobs. Fortunately, each district town specialises in some activity — for instance, Moradabad in brassware, Ambala in optical instruments, Sivakasi in fireworks, Tirupur in textiles, etc. They should be allowed to employ contract labour and use active solar power for which incentives need to be given. GoI should declare an income-tax holiday for three years here and state governments exempt some regulatory permissions and the inspector raj for three years.
Cities can produce a large number of jobs in the services sector like research and development, information technology (IT) and IT-enabled services (ITeS), banking, financial services, tourism, education, media and entertainment, etc.
Large banks should take a lead to adopt at least one tehsil per large branch. They should provide loans to each farmer to buy one cow/buffalo/cattle, 10 goats and 100 chickens, along with one electric moped for the farmer to carry his or her produce to the mandi for direct marketing to the urban consumer.
Tier 1& 2 towns can become export centres for their specialised products. A testing facility will help to certify products of their export- worthiness. The export credit guarantee scheme should be extended to these industries along with instant disbursal of export incentives.
Credit should be made available at the London Inter-Bank Offered Rate (Libor)- benchmarked rates.//
https://m.economictimes.com/news/economy/policy/view-to-fuel-the-economic-growth-bring-villages-closer-to-towns/articleshow/71694459.cms
// 11 April 2020
A lot will depend on how well we contain the medical toll of the pandemic. As the Prime Minister has made clear, this is our first priority. If we cannot bring the spread of the epidemic under control, nothing else will matter. This is why, unlike many other countries, we focused first on the lockdown - no easy task for 1.3 bn people - rather than on announcing a blockbuster trillion-dollar economic package. We have taken a step-by-step feedback based approach. Once the lockdown was announced, we then arranged basic resources like food for the very poor. Next financial deadlines were pushed back and RBI announced several monetary and credit-related measures. Now we will explore fiscal and other measures. Let it be said that we will do what it takes to revive the economy.
As mentioned above, we appreciate the risk to small and medium enterprises. Every effort needs to be made to maintain the cash-flows of this segment. All forms of government payments to this segment need to be sped up, banks need to be extra sensitive to their credit needs, and large companies need to look how they can help their smaller suppliers and distributors.
We also need to enhance the transmission of the monetary impulse. Although we have been very tight on the fiscal front in recent years, note that our public debt to GDP ratio is much lower than that of most developed countries. This gives us more fiscal space than is widely appreciated. Once the immediate impact of the pandemic has passed, India should embark on a national rebuilding mission by implementing structural reforms, initiating largescale infrastructure rollout and, most importantly, exploit the new global supply chains that will emerge from this crisis. //
http://www.businessworld.in/article/Financial-System-Must-Be-A-Special-Focus-As-It-Delivers-Credit-To-All-Sectors-Principal-Economic-Adviser-Sanjeev-Sanyal/11-04-2020-188892/?fbclid=IwAR20eBXMUjE-uQUJfRHBygFod5051vyefmKzjmzdwlC8lj5qgemzfTVmqe8
From Old News Articles
// 12 Jan 2018
Rashtriya Swayamsevak Sangh (RSS) affiliated Swadeshi Jagran Manch has hit out at the Narendra Modi government over its decision to allow 100 per cent FDI under automatic route for Single Brand Retail Trading (SBRT) and Construction Development.
"As a result of this decision foreign companies would get freedom of procuring the products from anywhere in the globe. This would go against the interests of the domestic manufacturing and also would discourage the future investment in manufacturing in India and therefore would go against the own declared policy of the government of encouraging Make in India,"//
https://www.indiatoday.in/india/story/rss-affiliated-swadeshi-jagran-manch-slams-modi-govt-over-100-per-cent-fdi-in-retail-1143569-2018-01-12
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