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When nations steal growth from one another… A Grand Finale for SN’s MS centenary at the US… Sri Lanka votes for change A glass full of corruption Telangana in top gear… Cleaning Ganga – relocate tanneries and install electric crematoria Welcome changes that testify to Jayalalithaa’s return to health Limit foreign borrowings to hi-tech, export potential projects... Breaththrough in malaria control Padma Bhushan for A Ramakrishna More Shakti to resource mobilisation... Quality silica from Neyveli Wanted: a second airport for Chennai Sweeter prospects for sugar GM Technology at last! Muffled voices for merit… Silver Years of Madras Musings Dr C Rangarajan returns to Chennai Robber barons everywhere Noble nonagenarians... Tatas moving out of urea production... Kudos to NDTV... Online not in line with brick and mortar businesses... S V Raju – a ‘good’ true liberal A friendly business group Russi Mody – a tribute A yen for wastage… CSR and CMI: promise of another Srinivasan Ramanujan... Shanti and Sadhana through Music The balancing act A proud Madrasi Wise Presidents Bihar – Nitish Kumar adopts the Lalu model Align crops to agro climate endowments… Tribute – M V Murugappan Cutting the nose to spite the face Contrarian cousins The power-full Hindujas For whom the MIDS bell tolls? The rise and rise of KCP No mega rail project for Tamil Nadu An enemy’s enemy is a friend Five star activism stalls development activity Tihar, Puzhal not different from Parappana Agrahara Delhi is distant Which side are you, Montek? Medical costs hit the roof... The Swadeshi Trump Make standards certification mandatory... Pharma – overdose of copying When small is no larger beautiful.. A Grand Finale for SN’s MS centenary at the US… R Sridhar steps down as CEO of Shriram Capital Maximising the micro pricing … Tribute – UCAL Selvan… TN-leverage strength of BHEL, NLC... 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Nuclear power at the nucleus EEC at the National Media Centre TGS- The king storyteller Quality education through the PPP mode West Bengal: mindless malignancy …and of a popular trade leader Editor's Says Insurance companies bleeding, yet no decision on increasing FDI limit! Adharma of opposition politics Mu Sigma – is no more More heat than light Air Asia India will set new benchmarks for budget travel WTO Meet: resolved to meet again Welcome focus on core competence Whistle-Stop Tour of Raghuram Rajan Tribute Music happens Tough task taking states together SoA @ 80 The Jan Dhan bonanza Excel Generators provide the vital back-up Rs.1600 crore paper board plant of TNPL Infrastructure funding – lessons learnt Land reclamation from sea appears cheaper! Mersal magnified The ‘Ayyo-yes’ is no more The brown list of Venkitaramanan More Shakthi to Das’ elbow Airlines in India: cost and space Revive development banks... A more liberated TN… Auto components surge… New IT products of Ramco in the pipeline… Convulsions in The Hindu Delhi returns to BJP A think tank for Chennai Revving up the manufacturing sector Why this malaise in medical education? Build close rapport with business leaders Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Preserving for the future The Ports’ Pasha expands into Tamil Nadu Lesson from Chandrababu Naidu No engine for this car GNS - 100: our first subscriber Secularism and anti-Hinduism Why land prices zoom in TN? When Ratan Tata visited SRM Not just in-laws (and outlaws); they’ve renowned academics at the helm! Road development slows down Discoms deserve better… Gas is the way forward Fall in crude prices help in oil sector reform Shipping woes of Chennai companies Shaming of Tamils by Tamil farmers at Delhi Increasing non co-operation of state leaders Parliament in paralysis... CIPET hqrs to stay at Guindy – for the present? 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TN accounts for the largest recruits by the IT sector Of course, Gujarat is vibrant An inexplicable neglect Inflation: are we emulating Argentina and Brazil? CII projects higher growth… Waning interest in public discussions… The star of Spencers is no more Fuel for thought Like Hinduism: many paths to reach God... Fortune for Indian Airlines No Maha Koottani in TN... Modi storms Silicon Valley There was flood of milk. Reason: no milk commissioner! Permanent secretariat for TN GIM Sweet news for TN sugar mills Kinetic Karnataka Banning booze... A welcome initiative by the judiciary F C Kohli - his concerns all embracing Measuring roof tops in terms of KW/MW Engineering seats go abegging When TN politicians can emulate Kerala's Funding the un-funded Valli, they are more marginalised Rahman at CIC Boy, can you beat these? Streamlining mandatory third party cover Eternal support for capitalisation of PS banks China invests in India Tribute – Manikam Ramaswami Return to king coal for urea... When the President was rendered homeless… Liberal imports idling indigenous capacities Poor representation for Kerala and TN in Cabinet L&T- the specialty of special purpose vehicles IAS invades NDDB... Godspeed, Chief Minister JJ Solar, solar everywhere … Gay abandon in pricing For whom the bell tolls? Readers' Mail Multi-faceted Venkat TIAM turns a full cycle Remembering Indira Sivasailam... Intellectual of rare qualities An informal presentation - analytical, forward locking... Editor's Notes Poor quality of university VCs Scientists urged to take up farmer-oriented research TELANGANA at last…BUT A professional at the helm of IRDA... IPL type auction for VCs? The few handicaps... CRS, a jewel among managers, is no more. Towards speedy justice When online building permits work…. How Air-India loses customs... This scant respect for Law Come elections, come advertisements... Tax agriculture Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Cement prices continue to rise… Marketing expert Balagopal is no more Delhi is distant… Another Indian music maestro at the UN The rise and fall of Annamalai University Naidu will soon build a new Hyderabad Recognition to role of NBFCs.... Protest masters... S Ramanathan – a versatile musician, musicologist Plummeting profits of PSBs Reliance’s TV – 18 ready to launch Tamil News Channel Roaring Ro-Ro facility The ‘Jayanthi Tax.’ Naidu’s return augurs well for Seemandhra Polls and promises B H Kothari - a tribute Tatas moving out of urea production... Shale gas and its shallow future Where a state respects its litterateurs… ONGC at KG Basin Haul over the coal Strengthen the base... Delhi Chalo...
 
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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