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Some Relevant Issues On MSME Sector
BUSINESS ECONOMICS
|August 1 - 15, 2018
At times, profit is not reflected in a proper way. This may lead to a weakening balance sheet of the business, which may lead to difficulties in getting financial loan in future.
The new definition of MSME depending on the value of turnover of a business unit is expected to be passed by the parliament in this session. I think it is a welcome approach. It will help business units to get subsidy and other favourable matters in a better way. Definition depending on cost of plant and machinery only is not fit for all. This is because the structures of business units are very diverse. Some units require power subsidy and some may not need that. So, turnover dependent definition of MSME is better. At the same time, th
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