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The why of tax incentives The power-full Hindujas A yen for wastage… Excel Generators provide the vital back-up Recognition to role of NBFCs.... Five star activism stalls development activity Music happens Kulandai was a giant Inflation: are we emulating Argentina and Brazil? Tribute – UCAL Selvan… A Grand Finale for SN’s MS centenary at the US… Infrastructure funding – lessons learnt A think tank for Chennai Rahman at CIC Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Russi Mody – a tribute Return to king coal for urea... He continues the focus on social amelioration Measuring roof tops in terms of KW/MW Land reclamation from sea appears cheaper! The balancing act Why land prices zoom in TN? Making ‘my Amaravati’... Strengthen the base... When small is no larger beautiful.. Pharma – overdose of copying The nuclear option Poor quality of university VCs The rise and rise of KCP Haul over the coal CIPET hqrs to stay at Guindy – for the present? No Maha Koottani in TN... Protest masters... Welcome thrust on trade in Modi’s foreign visits... Engineering seats go abegging IPL - no surprise this scam Why this malaise in medical education? More heat than light Editor's Notes Adapt Vajpayee dinner diplomacy Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Fortune 500 review Fuel for thought Plummeting profits of PSBs Muffled voices for merit… TN accounts for the largest recruits by the IT sector Solar, solar everywhere … Padma Bhushan for A Ramakrishna S V Raju – a ‘good’ true liberal Convulsions in The Hindu Scientists urged to take up farmer-oriented research Moily’s bold thrust Paytm karo... Poor representation for Kerala and TN in Cabinet Banning booze... Robber barons everywhere Lalu’s envy, India’s pride Nuclear power at the nucleus Roaring Ro-Ro facility L&T- the specialty of special purpose vehicles The rise and fall of Annamalai University MHC should not return to its old indisciplined ways When TN politicians can emulate Kerala's Come elections, come advertisements... SoA @ 80 When Ratan Tata visited SRM Where is Rajaji? Modi and the lady Towards speedy justice GNS - 100: our first subscriber Tribute – Manikam Ramaswami A rich pool of talent not utilised…. Multi-faceted Venkat Reliance’s TV – 18 ready to launch Tamil News Channel Align crops to agro climate endowments… Liberal imports idling indigenous capacities Small units prefers to remain small... An informal presentation - analytical, forward locking... Gay abandon in pricing Naidu will soon build a new Hyderabad Cutting the nose to spite the face Mu Sigma – is no more Mersal magnified Editor's Says Things happen by accident and not by design... Vibrant Gujarat Contrarian cousins For whom the bell tolls? R Sridhar steps down as CEO of Shriram Capital The star of Spencers is no more TN – agglomerate land holdings without alienating ownership Tihar, Puzhal not different from Parappana Agrahara Welcome changes that testify to Jayalalithaa’s return to health This scant respect for Law Wise Presidents When online building permits work…. London, London Narayan Increasing non co-operation of state leaders The Swadeshi Trump Tough task taking states together ONGC at KG Basin A friendly business group Maximising the micro pricing … IAS invades NDDB... Cement prices continue to rise… Discoms deserve better… …and of a popular trade leader EVM is tamper-proof Solar thermal shines… Preserving for the future Boy, can you beat these? Fortune for Indian Airlines Godspeed, Chief Minister JJ Should we change the official year? Alexa – Talking Wikipedia More tributes to GR More Shakti to resource mobilisation... A Grand Finale for SN’s MS centenary at the US… Kudos to NDTV... Welcome focus on core competence More Shakthi to Das’ elbow Intellectual of rare qualities An inexplicable neglect Put expensive assets created to use... Build close rapport with business leaders How Air-India loses customs... Colour-Chem’s colourful KRVS PPP mode for upgrading Corporation Hospitals A professional at the helm of IRDA... Polls and promises The Ports’ Pasha expands into Tamil Nadu CRS, a jewel among managers, is no more. B H Kothari - a tribute China invests in India When nations steal growth from one another… Wanted: a second airport for Chennai Dr C Rangarajan returns to Chennai Welcome GST West Bengal: mindless malignancy Don’t seem to feel the pulse… The Jan Dhan bonanza CSR and CMI: promise of another Srinivasan Ramanujan... The Gulf aviation boom No engine for this car Auto components surge… S Ramanathan – a versatile musician, musicologist Modi storms Silicon Valley Of course, Gujarat is vibrant PC’s preference for professionals The ‘Ayyo-yes’ is no more Telangana in top gear… Focus on quality of power - its only around 170-180V Valli, they are more marginalised GM Technology at last! Quality silica from Neyveli Parliament in paralysis... Cleaning Ganga – relocate tanneries and install electric crematoria TN-leverage strength of BHEL, NLC... Gas is the way forward Shaming of Tamils by Tamil farmers at Delhi The brown list of Venkitaramanan Whistle-Stop Tour of Raghuram Rajan Online not in line with brick and mortar businesses... Like Hinduism: many paths to reach God... Road development slows down Tatas moving out of urea production... Permanent secretariat for TN GIM Demise of a media baron... Kinetic Karnataka Tribute – M V Murugappan Sri Lanka votes for change Building loyalty through the stomach The few handicaps... A more liberated TN… F C Kohli - his concerns all embracing A C Muthiah – his munificent bequeaths to science Air Asia India will set new benchmarks for budget travel Secularism and anti-Hinduism Where a state respects its litterateurs… Shale gas and its shallow future TIAM turns a full cycle All eyes on Sankara Nethralaya Funding the un-funded New IT products of Ramco in the pipeline… Tribute The ‘Jayanthi Tax.’ Eternal support for capitalisation of PS banks Naidu’s return augurs well for Seemandhra Shanti and Sadhana through Music Airlines in India: cost and space Tax agriculture There was flood of milk. Reason: no milk commissioner! Marketing expert Balagopal is no more WTO Meet: resolved to meet again Delhi Chalo... Delhi is distant… Tatas moving out of urea production... A glass full of corruption No mega rail project for Tamil Nadu Insurance companies bleeding, yet no decision on increasing FDI limit! A welcome initiative by the judiciary Computation of GDP – conundrums continue Another Indian music maestro at the UN He saved millions from starvation... Remembering Indira Sivasailam... Silver Years of Madras Musings Diamond jubilee of Egmore Samskrt School Rs.1600 crore paper board plant of TNPL L&T: focus on infrastructure and more infrastructure… An enemy’s enemy is a friend When the President was rendered homeless… Noble nonagenarians... to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Shipping woes of Chennai companies Lesson from Chandrababu Naidu CII projects higher growth… For whom the MIDS bell tolls? Sweeter prospects for sugar The sea- saw battle continues... IPL type auction for VCs? EEC at the National Media Centre Medical costs hit the roof... TELANGANA at last…BUT Make standards certification mandatory... Streamlining mandatory third party cover Bihar – Nitish Kumar adopts the Lalu model A proud Madrasi Revving up the manufacturing sector Adharma of opposition politics Sweet news for TN sugar mills Revive development banks... Delhi is distant Not just in-laws (and outlaws); they’ve renowned academics at the helm! Odisha: spectacular win by Naveen Patnaik Quality education through the PPP mode Readers' Mail Delhi returns to BJP Fall in crude prices help in oil sector reform Limit foreign borrowings to hi-tech, export potential projects... TGS- The king storyteller Bihar elections - the Rajaji formula worked Waning interest in public discussions… Which side are you, Montek? Breaththrough in malaria control
 
Small units prefers to remain small...
Ahluwalia pointed to the absence of medium-sized companies that employ 50-300 that would contribute to healthy growth of the manufacturing sector. Either business enterprises are too small or too large, he said. Jawahar Vadivelu, President-SICCI, attributed this to the difficulty of entrepreneurs to exit businesses: “not only it particularly difficult to start or exit a business, India is lagging even with respect to the ease of doing business. India currently ranks 137 of 185 countries in terms of ease of doing business. A direct consequence is that small and medium - sized firms tend to remain that way for much too long, leaving them vulnerable to external challenges.  Incentives are not there for firms to graduate to the organised sector where they have the capacity to grow. Instead they chose to remain inside the radar and chose to remain small.”
Till the 1990s there was a reservation of close to 800 items to be produced only by the small sector. There were exemption limits for excise duties and sales tax that again resulted in small businesses remaining small.  But the policy swung to the other extreme from the late 1990s; it eliminated at one stroke bulk of the special incentives and priority sector treatment given to the small sector. This resulted in the sector reporting pervasive sickness in the vital small and medium industry segment that remains the backbone of the manufacturing sector in several developed countries.

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