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

Reported On :
Sector :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236