The document is the January 2021 issue of 'Udyog Times,' focusing on the upcoming union budget and high expectations from the MSME sector amid the ongoing pandemic. It discusses the need for enhanced collateral-free loan limits and easing of foreign exchange regulations to support MSMEs and boost foreign investments. There is a call for professional financial institutions to support the sector's growth and alleviate the economic pressures faced by small and medium-sized businesses.

1. UDYOG
TIMES
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OFFICIAL PUBLICATION OF UDYOG BHARATI
Volume - 4 Issue - 3 January 2021
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3. 3
UDYOG TIMES
MSME Budget
Expectations…
Editorial
Áflfl⁄UÁáÊ∑§Ê
Editorial Æx-Æx
V-Shape ◊¥ „ÈU•Ê •Õ¸√ÿflSÕÊ ◊¥ ‚ÈäÊÊ⁄U Æy-Æ{
Union Budget: High on Expectations Æ|-Æ|
India has the Economy Turned Around Æ}-Æ~
LUB’s Special Requisition to RBI vÆ-vÆ
Working of NSIC to Promote… MSMEs vv-vv
News Update vz-v}
Price - 10/- Life Membership 1000/-
An In-House Monthly Magazine of Laghu Udyog Bharati
published by Om Prakash Mittal Mail:
opmittal10256@gmail.com Web : www.lubindia.com
Office :
S-8, Govindam Complex ,
Sansar Chand Road,
Jaipur 302001
Ph. 0141- 2370130
Corporate Office :
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Dr. Kirti Kumar Jain
kkjain383@gmail.com
Amid discouraging economic challenges posed by
the ongoing pandemic, Union Budget 2021 will be
presented on February 1. Recently, the Finance
Minister promised a 'never before' like Budget, rais-
ing high Budget expectations- which range a wide
variety- among all sections.
The MSME sector, which has taken the brunt of
COVID-19, also eagerly waits for some good news.
Hopes abound that Budget 2021 will be able to pave
a smooth path ahead for the sector.
Fund availability is a lingering issue facing the
sector. Although the Centre in recent months has
taken several measures in this direction, the sector is
still reeling under massive pressure, considering
which experts have raised a key demand that the col-
lateral-free loan limit should be enhanced by the gov-
ernment to Rs. 5 crore for micro-units, Rs. 15 crore
for small businesses, and Rs. 35 crore for medium
businesses.
The demand seems quite reasonable. Meanwhile,
MSME experts also want easing in the Foreign
Exchange Management Act, 1999, to boost foreign
investments in the country. They also want a com-
plete overhaul in the system of foreign exchange
inflows and outflows so that MSMEs can work effi-
ciently with global partners.
Similarly, industry bodies have called for creation
of professionally managed financial institutions to
finance key sectors, including MSMEs, and infusion
of equity in SIDBI for financing the sector.
I invite your opinions.
c c c
OFFICIAL PUBLICATION OF LAGHU UDYOG BHARATI
Volume -4 Issue - 3 January 2021
Editorial Board
g Patron
Shri Sankal Chandra Bagrecha, Margdarshak 08392-273891
Shri Prakash Chandra, National Org. Secretary 094685-78166
Shri Baldevbhai Prajapati National President 098241-55666
Shri Govind Lele, National Gen. Secretary 098220-44206
g Publisher
Om Prakash Mittal, Past President 094140-51265
g Editor
Dr. Kirti Kumar Jain 094141-90383
g Associate Editor
Shri Mahendra Kumar Khurana 098290-68865
g Co-Editor
Dr. Sanjay Mishra 086198-60354
UDYOG
TIMES

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„¥Ù •ı⁄U ÿ ∞∑§ “¬˝ÁêÊ◊Ë” ∞¬Ë∞◊‚Ë (∑§ÎÁ· ◊¥«Ë ∑§ÊŸÍŸ) mÊ⁄UÊ
ÁflÁŸÿÁ◊à ’Ê¡Ê⁄U √ÿflSÕÊ ∑‘§ ‚’‚ •Áœ∑§ ‚ÃÊ∞ ‹Ùª „Ò¥–
ß‚ ¬Ífl¸-’¡≈U ŒSÃÊfl¡ Ÿ ߟ ∑§ÊŸÍŸÙ¥ ∑§Ê ∞‚ ‚◊ÿ ¬ˇÊ ⁄UπÊ
„Ò ¡’Á∑§ ∑§ß¸ Á∑§‚ÊŸ ‚¥ª∆Ÿ ߟ∑§Ù flʬ‚ Á‹∞ ¡ÊŸ ∑§Ë ◊Ê¥ª ∑§Ù
‹∑§⁄U ⁄UÊC˛Ëÿ ⁄UÊ¡œÊŸË ∑§Ë ÁflÁ÷ÛÊ ‚Ë◊Ê•Ù¥ ¬⁄U ŒÙ ◊Ê„ ‚ •Áœ∑§
‚◊ÿ ‚ œ⁄UŸÊ Œ ⁄U„ „Ò¥–
•ÊÁÕ¸∑§ ‚◊ˡÊÊ wÆwÆ-wv ◊¥ ∑§„Ê ªÿÊ „Ò, ““ (¬„‹ ∑§Ë)
∑§ß¸ •ÊÁÕ¸∑§ ‚◊ˡÊÊ•Ù¥ ◊¥ ∞¬Ë∞◊‚Ë (∑§ÎÁ· ©à¬ÊŒ ◊¥«Ë
‚Á◊ÁÃÿÙ¥) ∑‘§ ∑§Ê◊∑§Ê¡ •ı⁄U ß‚ Ãâÿ ¬⁄U Áø¥ÃÊ √ÿQ§ ∑§Ë ¡Ê
øÈ∑§Ë „Ò Á∑§ fl ∞∑§ÊÁœ∑§Ê⁄U ∑§Ù ¬˝Ùà‚ÊÁ„à ∑§⁄UÃË „Ò¥– Áfl‡Ê· M§¬
‚, fl·¸ wÆvv-vw, fl·¸ wÆvw-vx, fl·¸ wÆvx-vy, fl·¸ wÆvy-
vz, fl·¸ wÆv{-v|, fl·¸ wÆv~-wÆ ∑§Ë •ÊÁÕ¸∑§ ‚◊ˡÊÊ ◊¥, ß‚
‚¥Œ÷¸ ◊¥ •Êfl‡ÿ∑§ ‚ÈœÊ⁄UÙ¥ ∑§Ë •Êfl‡ÿ∑§ÃÊ ¬⁄U ’‹ ÁŒÿÊ ªÿÊ
ÕÊ–”” ‚fl¸ˇÊáÊ ◊¥ fl·¸ wÆÆv ∑‘§ ’ÊŒ ‚ ∑ΧÁ·-’Ê¡Ê⁄U ‚ÈœÊ⁄UÙ¥ ∑§Ù
‹∑§⁄U ∑§Ë ªß¸ Á‚»§ÊÁ⁄U‡ÊÙ¥ ¬⁄U ÷Ë ¬˝∑§Ê‡Ê «Ê‹Ê ªÿÊ „Ò, Á¡‚◊¥ ∑ΧÁ·
flÒôÊÊÁŸ∑§ ∞◊ ∞‚ SflÊ◊ËŸÊÕŸ ∑§Ë •äÿˇÊÃÊ flÊ‹ ⁄UÊC˛Ëÿ Á∑§‚ÊŸ
•ÊÿÙª •ı⁄U ◊Ù¥≈U∑§ Á‚¥„ •„‹ÍflÊÁ‹ÿÊ ∑§Ë •äÿˇÊÃÊ flÊ‹
“⁄UÙ¡ªÊ⁄U ∑‘§ •fl‚⁄U ¬⁄U ∑§Êÿ¸’‹” ∑‘§ •‹ÊflÊ ∑§ß¸ •ãÿ ∑§Ë
Á‚»§ÊÁ⁄U‡Ê¥ ‡ÊÊÁ◊‹ „Ò¥–
∑§ÎÁ· ◊¥«Ë ‚¥’¥œË ‚ȤÊÊflÙ¥ ◊¥ Á∑§‚ÊŸÙ¥ ∑§Ù •¬Ÿ ©à¬ÊŒÙ¥ ∑§Ù
‚Ëœ ¬˝‚¥S∑§⁄UáÊ ∑§Ê⁄UπÊŸ ÿÊ ÁŸ¡Ë ˇÊòÊ ∑§Ù ’øŸ ∑§Ê Áfl∑§À¬ ŒŸ,
∑§ÎÁ· Áfl¬áÊŸ ’ÈÁŸÿÊŒË …Ê¥ø ∑§Ê Áfl∑§Ê‚ ∑§⁄UŸ ∑‘§ Á‹∞ ⁄UÊíÿÙ¥ ∑‘§
∞¬Ë∞◊‚Ë •ÁœÁŸÿ◊Ù¥ •ı⁄U •Êfl‡ÿ∑§ flSÃÈ •ÁœÁŸÿ◊ ∑§Ê
‚¥‡ÊÙœŸ ∑§⁄UŸ ¡Ò‚ ¬˝SÃÊfl Á∑§∞ ª∞ Õ– ߟ∑§Ê ©l‡ÿ ÕÊ Á∑§
∑§ÎÁ· Á¡¥‚Ù¥ ∑‘§ ’ÊœÊ ◊ÈQ§ ÷¥«Ê⁄UáÊ •ı⁄U ∑§ÎÁ· flSÃÈ•Ù¥ ∑§Ë ÁŸ’ʸœ
•ÊflÊ¡Ê„Ë ∑§Ù ‚ÈÁŸÁpà Á∑§ÿÊ ¡Ê ‚∑‘§–
‚¥‚Œ ◊¥ wÆwÆ ∑‘§ Á‚Ã¥’⁄U ◊„ËŸ ◊¥, ∑Χ·∑§ ©à¬ÊŒ √ÿʬÊ⁄U ∞fl¥
flÊÁáÊíÿ (‚¥flœ¸Ÿ •ı⁄U ‚ÈÁflœÊ) •ÁœÁŸÿ◊, wÆwÆ, ◊ÍÀÿ
•ÊEÊ‚Ÿ •ı⁄U ∑ΧÁ· ‚flÊ ¬⁄U Á∑§‚ÊŸÙ¥ ∑‘§ (‚‡ÊQ§Ë∑§⁄UáÊ •ı⁄U
‚¥⁄UˇÊáÊ) ∑§Ê ‚◊¤ÊıÃÊ •ÁœÁŸÿ◊ wÆwÆ, •Êfl‡ÿ∑§ flSÃÈ
(‚¥‡ÊÙœŸ) •ÁœÁŸÿ◊, wÆwÆ - ÿ ÃËŸ ∑§ÊŸÍŸ, ¬ÊÁ⁄Uà Á∑§∞ ª∞–
‚fl¸ˇÊáÊ ◊¥ ∑§„Ê ªÿÊ „Ò Á∑§ Ÿ∞ ∑ΧÁ· ∑§ÊŸÍŸÙ¥ Ÿ ’Ê¡Ê⁄U ∑§Ë
•Ê¡ÊŒË ∑‘§ ∞∑§ Ÿ∞ ÿȪ ∑§Ë ‡ÊÈL§•Êà ∑§Ë „Ò •ı⁄U ߟ∑§Ê ÷Ê⁄Uà ◊¥
Á∑§‚ÊŸ ∑§ÀÿÊáÊ ∑§Ë ÁSÕÁà ◊¥ ‚ÈœÊ⁄U ∑§Ë ÁŒ‡ÊÊ ◊¥ ŒÍ⁄UªÊ◊Ë ‹Ê÷
„٪ʖ Ÿ∞ ∑ΧÁ· ∑§ÊŸÍŸÙ¥ ∑‘§ ‹Ê÷Ù¥ ¬⁄U ¬˝∑§Ê‡Ê «Ê‹Ã „È∞, ‚fl¸ˇÊáÊ
5
UDYOG TIMES

6. ◊¥ ∑§„Ê ªÿÊ Á∑§ ÷Ê⁄Uà ◊¥ Á∑§‚ÊŸÙ¥ ∑§Ù •¬ŸË ©¬¡ ∑§Ù ’øŸ ◊¥
ÁflÁ÷ÛÊ ¬˝ÁÃ’¥œÙ¥ ∑§Ê ‚Ê◊ŸÊ ∑§⁄UŸÊ ¬«∏Ê „Ò– •Áœ‚ÍÁøà ∞¬Ë∞◊‚Ë
◊Ê∑‘§¸≈U ÿÊ«¸ ∑‘§ ’Ê„⁄U ∑ΧÁ· ©¬¡ ’øŸ ∑‘§ ◊Ê◊‹ ◊¥ Á∑§‚ÊŸÙ¥ ¬⁄U
¬˝ÁÃ’¥œ Õ–
Á∑§‚ÊŸÙ¥ ∑§Ù ∑‘§fl‹ ⁄UÊíÿ ‚⁄U∑§Ê⁄UÙ¥ ∑‘§ ¬¥¡Ë∑§Îà ‹Êß‚¥‚œÊÁ⁄UÿÙ¥
∑§Ù „Ë •¬ŸË ©¬¡ ’øŸ ∑‘§ Á‹∞ ’Êäÿ ⁄U„ŸÊ ¬«∏ÃÊ ÕÊ– ß‚∑‘§
•‹ÊflÊ, ⁄UÊíÿ ‚⁄U∑§Ê⁄UÙ¥ mÊ⁄UÊ ‹ÊªÍ ÁflÁ÷ÛÊ ∞¬Ë∞◊‚Ë ÁflœÊŸÙ¥ ∑‘§
∑§Ê⁄UáÊ ÁflÁ÷ÛÊ ⁄UÊíÿÙ¥ ∑‘§ ’Ëø ∑§ÎÁ· ©¬¡ ∑§Ù ‹ÊŸ ÿÊ ‹ ¡ÊŸ ∑‘§
◊ÈQ§ ¬˝flÊ„ ◊¥ ’ÊœÊ∞¥ ◊ı¡ÍŒ ÕË¥–
ß‚∑‘§ •‹ÊflÊ, ‚fl¸ˇÊáÊ ◊¥ ∑§„Ê ªÿÊ „Ò Á∑§ ∞¬Ë∞◊‚Ë ∑‘§
ÁŸÿ◊Ù¥ ∑‘§ ¬Á⁄UáÊÊ◊SflM§¬ flÊSÃfl ◊¥ ’„ÈÃ-‚Ë πÊÁ◊ÿÊ¥ ©¡Êª⁄U „È߸
„Ò¥ •ı⁄U ¬Á⁄UáÊÊ◊SflM§¬ Á∑§‚ÊŸÙ¥ ∑§Ù ŸÈ∑§‚ÊŸ „È•Ê „Ò–
ß‚◊¥ ∑§„Ê ªÿÊ „Ò, ““Á∑§‚ÊŸÙ¥ •ı⁄U ©¬÷ÙQ§Ê•Ù¥ ∑‘§ ’Ëø ∑§ß¸
◊äÿSÕÙ¥ ∑§Ë ©¬ÁSÕÁà ‚ Á∑§‚ÊŸÙ¥ ∑§Ê ‹Ê÷ ¬˝÷ÊÁflà „ÙÃÊ ⁄U„Ê „Ò–
ß‚∑‘§ •‹ÊflÊ, ∞¬Ë∞◊‚Ë mÊ⁄UÊ ‹ªÊ∞ ª∞ ∑§⁄UÙ¥ •ı⁄U ©¬∑§⁄UÙ¥ ∑§Ë
‹¥’Ë ‚ÍøË ∑‘§ ∑§Ê⁄UáÊ Á∑§‚ÊŸÙ¥ ∑§Ê ‹Ê÷ ¬˝÷ÊÁflà „ÙÃÊ „Ò, ¡’Á∑§
∑‘§fl‹ ߟ ∑§⁄UÙ¥ ∑§Ê ’„Èà ◊Ê◊Í‹Ë Á„S‚Ê „Ë ◊¥«Ë •ÊœÊ⁄U÷Íà …Ê¥øÊ ∑‘§
Áfl∑§Ê‚ ¬⁄U πø¸ Á∑§ÿÊ ¡ÊÃÊ „Ò– ß‚◊¥ ∑§„Ê ªÿÊ „Ò Á∑§ ◊¥«Ë ¬Á⁄U‚⁄U
◊¥ ’ÈÁŸÿÊŒË …Ê¥ø ∑§Ë ÁSÕÁà π⁄UÊ’ „Ò •ı⁄U Á∑§‚ÊŸÙ¥ ∑‘§ Á‹∞ ©ÁøÃ
◊ÍÀÿ Ÿ„Ë¥ Á◊‹ÃÊ „Ò–”” „ÊÕ ‚ ŸÊ¬ Ãı‹, ∞∑§‹ Áπ«∏∑§Ë ¬˝áÊÊ‹Ë
•ı⁄U •ÊœÈÁŸ∑§ flªË¸∑§⁄UáÊ •ı⁄U ¿¥≈UÊ߸ ¬˝Á∑˝§ÿÊ•Ù¥ ∑§Ë ∑§◊Ë ‚ ∑§Ê»§Ë
Œ⁄UË „ÙÃË „Ò •ı⁄U ◊ʬ òÊÈÁ≈UÿÊ¥ ÃÙ Áfl∑˝§ÃÊ ∑‘§ Áπ‹Ê»§ „Ë „ÙÃË „Ò¥–
‚fl¸ˇÊáÊ ◊¥ ∑§„Ê ªÿÊ „Ò, “◊ı¡ÍŒÊ ’Ê¡Ê⁄U ÁŸÿ◊Ù¥ ∑§Ë ©¬⁄UÙQ§
‚Ë◊Ê•Ù¥ ∑§Ù SflË∑§Ê⁄U ∑§⁄UÃ „È∞, ÁflÁ÷ÛÊ ‚Á◊ÁÃÿÙ¥ Ÿ ∑§ÎÁ· flSÃÈ•Ù¥
∑‘§ Áfl¬áÊŸ ◊¥ ∑§ß¸ ‚ÈœÊ⁄UÙ¥ ∑§Ë Á‚»§ÊÁ⁄U‡Ê ∑§Ë ÕË–” ‚fl¸ˇÊáÊ ∑‘§
•ŸÈ‚Ê⁄U, ◊ÍÀÿ •ÊEÊ‚Ÿ •ı⁄U ∑§ÎÁ· ‚flÊ ¬⁄U Á∑§‚ÊŸÙ¥ ∑‘§
(‚‡ÊQ§Ë∑§⁄UáÊ •ı⁄U ‚¥⁄UˇÊáÊ) ∑§Ê ‚◊¤ÊıÃÊ •ÁœÁŸÿ◊ ‚
¬˝‚¥S∑§⁄UáÊ∑§Ãʸ•Ù¥, ÕÙ∑§ √ÿʬÊ⁄UË, ∞ª˝Ëª≈U‚¸, ’«∏ »È§≈U∑§⁄U
√ÿʬÊÁ⁄UÿÙ¥, ÁŸÿʸÃ∑§Ù¥ ∑‘§ ‚ÊÕ Á∑§‚ÊŸÙ¥ ∑§Ë ÁSÕÁà ◊¡’Íà ∑§⁄UªÊ
•ı⁄U ¬˝ÁÃS¬œÊ¸ ∑‘§ ’⁄UÊ’⁄UË ∑§Ê SÃ⁄U ¬˝ŒÊŸ ∑§⁄UªÊ–
ÿ„ Á∑§‚ÊŸ ‚ ’Ê¡Ê⁄U ∑‘§ •¬˝àÿÊÁ‡Êà ©ÃÊ⁄U-ø…∏Êfl ∑‘§ ¡ÙÁπ◊
∑§Ù ¬˝ÊÿÙ¡∑§ ∑§Ë •Ù⁄U „SÃÊ¥ÃÁ⁄Uà ∑§⁄UªÊ •ı⁄U Á∑§‚ÊŸ ∑§Ù •ÊœÈÁŸ∑§
Ã∑§ŸË∑§ •ı⁄U ’„Ã⁄U ∑§ÎÁ· ‹ÊªÃÙ¥ Ã∑§ ¬„È°ø ŒªÊ– ∑§ÊŸÍŸ ◊¥
Á∑§‚ÊŸÙ¥ ∑§Ù ¬ÿʸ# ‚È⁄UˇÊÊ ¬˝ŒÊŸ ∑§Ë ªß¸ „Ò, ÄUÿÙ¥Á∑§ Á∑§‚ÊŸÙ¥ ∑§Ë
÷ÍÁ◊ ∑§Ë Á’∑˝§Ë, ¬^ ÿÊ ’¥œ∑§ ¬Í⁄UË Ã⁄U„ ‚ ÁŸÁ·h „Ò¥ •ı⁄U Á∑§‚ÊŸÙ¥
∑§Ë ÷ÍÁ◊ ÷Ë Á∑§‚Ë ÷Ë Ã⁄U„ ∑§Ë fl‚Í‹Ë ‚ ‚È⁄UÁˇÊà „Ò–
Á∑§‚ÊŸÙ¥ ∑§Ù ©¬¡ ∑‘§ Á‹∞ •¬ŸË ¬‚¥Œ ∑§Ê Á’∑˝§Ë ◊ÍÀÿ Ãÿ
∑§⁄UŸ ∑‘§ Á‹∞ •ŸÈ’¥œ ◊¥ ¬Í⁄UË ‡ÊÁQ§ „٪˖ fl •Áœ∑§Ã◊ ÃËŸ ÁŒŸÙ¥
∑‘§ ÷ËÃ⁄U ÷ȪÃÊŸ ¬˝Ê# ∑§⁄U ‚∑‘§¥ª– ß‚ ∑§ÊŸÍŸ ∑‘§ Äà ¬Í⁄U Œ‡Ê ◊¥
vÆ,ÆÆÆ Á∑§‚ÊŸ ©à¬ÊŒ∑§ ‚¥ª∆Ÿ ’ŸÊŸ ∑§Ë ÿÙ¡ŸÊ „Ò–
•Êfl‡ÿ∑§ flSÃÈ (‚¥‡ÊÙœŸ) •ÁœÁŸÿ◊- wÆwÆ ◊¥ •Êfl‡ÿ∑§
flSÃÈ•Ù¥ ∑§Ë ‚ÍøË ‚ •ŸÊ¡, ŒÊ‹, ÁË„Ÿ, πÊl Ã‹, åÿÊ¡ •ı⁄U
•Ê‹Í ¡Ò‚Ë flSÃÈ•Ù¥ ∑§Ù „≈UÊ ÁŒÿÊ ªÿÊ „Ò– ß‚∑§Ê ©g‡ÿ ÁŸ¡Ë
ÁŸfl‡Ê∑§Ù¥ ∑‘§ ◊Ÿ ‚ √ÿÊfl‚ÊÁÿ∑§ ∑§ÊÿÙ¥¸ ◊¥ •àÿÁœ∑§ ÁflÁŸÿÊ◊∑§Ëÿ
„SÃˇÊ¬ ∑§Ê ÷ÿ ŒÍ⁄U ∑§⁄UŸÊ „Ò–
c c c
6
UDYOG TIMES

7. T
he Union Budget comes on the backdrop of an
unprecedented pandemic, which has changed the
economic landscape materially. This is the first
instance where India has seen an economic contraction in the
last many decades, and also the first GDP decline since the
country began publishing quarterly numbers in 1996. Hence,
the budgeted estimates for FY2021 alter dramatically.
However, as the scenario (GDP decline) is mirrored across the
world it has been already factored in by the markets. Hence,
the revised deficit figures for FY2021 are unlikely to be a
major surprise. In fact, the government is expected to limit fis-
cal deficit to ~7% of GDP, despite higher expenditure and
lower revenues for this fiscal. Yet, the economic recovery has
surprised pleasantly and is set to turn positive in Q3 FY2021
itself after the massive decline of 23.8% in Q1 FY2021.
In FY2022, the government is likely to see tax collec-
tions surge on the back of the expected 14-15% growth in
nominal GDP (real GDP + inflation). However, expendi-
ture would remain elevated. The government is likely to
continue with counter-cyclical measures to support an eco-
nomic recovery by enhancing public expenditure, provid-
ing incentives to employment-generating sectors (like con-
struction, textiles, etc) and boosting demand. Moreover,
there is a huge cost related to rollout of a nationwide
COVID-19 vaccination program and investment in health-
care infrastructure.
At the same time, there is a compulsion to curtail fiscal
deficit and limit government borrowings to avoid crowding
out of the private sector, thereby pushing up interest rates.
We expect the government to project an improvement of
150-200 bps in fiscal deficit for FY2022 as compared to
FY2021. Privatization, asset sales (hard assets or equity
offerings of public sector units like LIC) and off-balance
sheet borrowings could be the highlight of fiscal manage-
ment measures in the forthcoming Budget. Overall, expec-
tations are running high though the government has limit-
ed elbow room to provide the required fiscal boost to the
economy.
A Salve to Soothe COVID Pains:
The Union Budget 2021- 2022 would likely focus on
investments that create jobs and therefore infrastructure,
construction and significant incentives for high employ-
ment-generating sectors (like textiles, affordable housing,
MSME, etc) are key areas, which may get priority focus
from the government end. We believe that the pandemic
has caused significant business and livelihood disruptions
and the focus of the Union Budget will be to soothe and
support the economy with a special focus on the common
man. An accommodative fiscal policy with a focus on gov-
ernment spending on infrastructure, healthcare, etc may
keep fiscal deficit elevated in FY22, but we expect that a
pick-up in the domestic economy will be rightfully be
given due priority. The current account is likely to return to
a deficit in FY22 as growth returns and imports pick up
and global trade normalizes.
Limited Fiscal Room, but India Not Alone:
The combined fiscal deficit (central + state) could
shoot up to 11.5-12% in FY2021, due to the combined
impact of an increase in deficit balance and a reduction in
world output. India is no exception. Therefore, the FY22
budgetary assumptions, particularly on revenue and bor-
rowing fronts will be keenly watched. The central fiscal
deficit is expected to be at around 7% in FY2021 and the
government is likely to project an improvement of 150-200
basis points in FY2022. Even though the government's
gross borrowings are almost entirely met through domestic
sources, going forward, as the government plans to raise a
part of its borrowings in foreign currency, sovereign rat-
ings and financial markets become important. Hence, it
would be a tightrope walk.
Key Sectors to watch out for:
We believe that it is imperative for the Centre and states to
continue with counter-cyclical fiscal measures to sustain
the momentum of the recovery. Hence, the government
may maintain its focus on development of infrastructure
(roads, water and affordable housing) that would give the
economy a much-needed earnings / employment stimulus.
Further extension / granularity of PLI schemes to spur
manufacturing might also be announced in the Budget.
There could be some initiatives to support urban poor espe-
cially form the disruption in the MSME sector.
Infrastructure, Real Estate, Construction, and Railways are
some sectors, which may be in focus in the upcoming
Budget 2021.
Capital Markets:
We expect positive announcements on reforms viz. key
reforms in labour laws & judicial reforms, which will sup-
port a recovery and re-ignite animal spirits. Measures to
help iron out bottlenecks and boost industry and employ-
ment will be positive. Moreover, a multi-year roadmap for
the economy and a policy framework to boost GDP and
exports is likely to be shared. However, expectations are
running high, which is never good news before any event.
c c c
7
UDYOG TIMES
Union Budget 2021-22 Preview
High on Expectations…

8. A. Introduction:
COVID-19 affected the entire world making no difference
between the rich and the poor, between the strong and poor
nations. Wealth could not avoid the catastrophe and could
not also guarantee a good life. Well laid rules of econom-
ics were tested. The well-established health care systems of
advanced nations were also severely tested and found
wanting. In all, the world order was severely tested to the
core. No country howsoever mighty and wealthy was
spared from its debilitating effects.
B. Impact on Economy:
The onset and spread of the disease were so severe that
many of the countries went into forced lock down of the
economic activity, in order to prevent the spread of the
fatal disease. The forced lock down affected industries
across board and resulted in severe shortfall of revenue,
both to the industry and the Governments. Employments
were lost, salaries were cut, business was lost along with
mounting interest on borrowed capital and the absence of a
timeline for the resumption of economic activity. It made
for a very alarming and bleak future. The economic activ-
ity throughout the world was severely affected. In addition
to this, Governments had to prepare their economy on a
scale of war to provide healthcare which cost them a bomb.
India, being a developing country, was also severely test-
ed. Industrial production came to a standstill and our
healthcare system was also stretched but due to the prag-
matic policies of the Central Government headed by Prime
Minister Narendra Modi, the catastrophic effects of the
rampaging pandemic was arrested to a great deal. We
should not lose sight of the fact of our huge population and
not so developed healthcare system prevalent. Our econo-
my was also severely affected.
C. Impact on Indian Economy:
As was the norm throughout the world, Indian Economy
also bore the brunt of the pandemic. There was a very dras-
tic shortfall in industrial production, retail trade; loss of
employment, realty sector saw a downward spiral. Tourism
sector was also severely affected. There was loss of
employment, reduction in salary, thereby severely affect-
ing their loan repayments, which had a bearing on banking
industry also. This is borne out by the statistical data.
D. Measures Adopted by Government to Stimulate
Economy:
The Central Government was seized of the damage caused
by the pandemic and brought forth various stimulus meas-
ures to kick-start the economy and to help all sections of
population. Various measures brought by the government.
The stimulus provided by the Central Government helped
a great deal in kick starting an economy which was on a
downward spiral because of the effects of Corona
Pandemic. It covered all sections of the society.
E. Future Trends:
Indian economy is an economy blessed by God in various
ways. Since India is a spiritual country, many festivals
mark its calendar throughout the year. Starting from
Sankranti, Ayudha pooja, Navaratri, Holi, Deepavali,
Christmas, Eid, Bakrid and the like dot its calendar. These
festivals push demand for consumer goods ranging from
clothes, jewellery, gems, realty, cars, and consumer goods.
During to the lock down measures being gradually with-
drawn, the last quarter of the year saw record sales gener-
ated from all these sectors put together, which contributed
in a big way in the upsurge of Income Tax and GST col-
lections. The sales were in a big way, driven by the pent-up
demand further lubricated by festivals. This ensures all
year-round demand for consumer goods which drives our
economy compared to other economies.
Even the software industry and defence industry posted
good gains. Since the lock down was progressively with-
drawn the movement of men and material started which
contributed in a big way in collection of VAT on petroleum
products which helped in Government funding many of its
people friendly schemes. Auto, cement and steel sector
drove the growth. The growth was also influenced by the
major infra push given by the Central Government.
Some of the Key Parameters are Given Below:
1. The industrial sector as per Index of Industrial
Production (IIP) registered a growth of 0.6 per cent in
2019-20 (April-November) as compared to 5.0 % dur-
ing 2018-19 (April-November).
2. Fertilizer sector achieved a growth of 4.0 % during
2019-20 (April-November) as compared to (-) 1.3 per
cent during 2018-19 (April-November).
3. Steel sector achieved a growth of 5.2 % during 2019-20
(April-November) as compared to 3.6 % during 2018-
19 (April-4. Total telephone connections in India
8
UDYOG TIMES
India has the Economy Turned
Insight
CA K. S. Sridhar
Noted Financial Consultant

9. touched 119.43 crore as on September 30, 2019.
4. The installed capacity of power generation has increased
to 3,64,960 MW as on October 31, 2019 from 3,56,100
MW as on March 31, 2019.
5. Report of the Task Force on National Infrastructure
Pipeline released on 31.12.2019 has projected total
infrastructure investment of Rs. 102 lakh crores during
the period FY 2020 to 2025 in India.
The electronic goods industry is one of the fastest growing
industries and is expected to be worth Rs. 27.96 lakh crore
(US$ 400 billion) by 2020. The Government is working on
an export-oriented policy for electronic products. The idea
behind this policy is to promote greater export of electron-
ics and drive larger investments by setting up port-based
electronic manufacturing clusters.
The Government of India has been supportive towards
industry's growth. It has set up Electronic Hardware
Technology Parks (EHTPs), Special Economic Zones
(SEZs) and has brought about a favourable climate for
Foreign Direct Investment (FDI). The Government has
also increased liberalisation and has relaxed tariffs to pro-
mote growth in the sector. In addition, it has given the nod
to Modified Special Incentive Package Scheme (MSIPS)
under which the Central Government will be offering up to
Rs. 11,881 crores (US$ 1.7 billion) in benefits to the elec-
tronics sector in the next five years. Under the scheme, a
subsidy for investment in capital expenditure is provided to
the extent of 20% of investment in SEZs and 25% of
investment in non-SEZs.
By reducing the rate of Income Tax and the rates of
TDS more money was put in the hands of people in order
to help them spend more and to use it to their necessities.
F. Summary:
A study of the various parameters stated above leads us to
the conclusion that the Indian economy is on a resurgent
mode and happy times are ahead. The bad times of the pan-
demic may be behind us as the economy surges ahead in
the immediate future. All it needs is a bit of help by a
friendly budget and pragmatic reduction of rates in GST.
Both the retail trade and the heavy industries segment are
set for a good time led by spending on high value items in
defence industry.
c c c
9
UDYOG TIMES

10. 10
UDYOG TIMES
Ms. Shefali Agarwal
Manager,
Department of Regulation,
Reserve Bank of India, Mumbai
Sub:- A) Levying of Commitment Charges on Unutilized Portion of Working
Capital Limits of MSMEs.
B) Prohibiting Borrowers to Open Current Accounts in Other Banks-regarding.
Dear Madam,
Greetings from Laghu Udyog Bharati, an all India Organization with vision to Promote, Protect,
Preference and Progress of Micro and Small Industries having presence in around 400 districts
throughout the Country.
We thankfully acknowledge receipt of mail dated 18/12/2020 in response to our letter dated
09/12/2020 on the above subject.
In the above context, it may be stated that in the first quarter of Financial Year 2020-21 there was
hardly any manufacturing / business activity as there was complete lockdown for a major period
and moreover there was huge movement of labor force to their native places. Even in second
quarter, production could be started on a very low scale; therefore, there was lesser requirement
of funds. Only during October, 2020 production activities could gain some momentum. Hence,
maintaining a prudent credit discipline as RBI had been emphasizing, some of the MSMEs have
sparingly and on need basis utilized the credit limits. We certainly believe that such credit disci-
pline needs to be appreciated rather than levying commitment charges. Therefore, levying of
commitment charges on unutilized credit limit from April to September, 2020 would be addition-
al burden on MSMEs who are working on razor thin margin and with limited resources.
Considering the above facts, we again request to reconsider and exempt MSMEs from com-
mitment charges on unutilized portion of credit limits at least for first two quarters of FY 2020-
21 and oblige.
With warm regards
Yours Sincerely,
Baldevbhai Prajapati Govind Lele
National President National General Secretary
98241-55666 98220-44206
president@lubindia.com gs@lubindia.com
LUB's Special Requisition to RBI

11. A
s you are aware NSIC has been working to pro-
mote aid and foster the growth of Micro, Small
& Medium Enterprises (MSMEs) in the country.
NSIC facilitates MSMEs with a set of specially tailored
schemes to enhance their competitiveness.
In view of the above, also looking at the importance of
smart phone in life, NSIC has also providing ease of access
to users and also help them avail the portal services on the
move through their smart phones. Now Prospective
Buyers, Corporates, PSUs etc can search relevant suppliers
for their procurement and sub-contracting needs through
this app. The app is available in Google Play store for
android phone users.
Realizing the marketing needs of MSMEs, NSIC has
launched mobile app of its popular B2B portal "MSME
Global Mart". The app aims to provide ease of access to
users and help them avail the services of MSME Global
Mart on the move.
Through the App, MSMEs can join MSME Global
Mart for showcasing their product and services to prospec-
tive buyers & also get keyword based unlimited Tender
alert in their inbox, whereas Corporates, PSUs etc can
search suppliers for their procurement and sub-contracting
needs from 86 Categories and 1462 sub categories offered
on the App. In this regard, a brochure is being giving here
for information & benefit.
MSME Global Mart:- A Business to Business (B2B) por-
tal facilitating Marketing Support to Micro, Small &
Medium Enterprises (MSMEs) by way of increased visi-
bility, connecting buyers & suppliers, Trade leads &
Keyword based unlimited Tender Alerts to grow their busi-
ness online.
Watch video to know more:
https://youtu.be/jOnNzTH9Xd8 PRESENTING -
https://youtu.be/jOnNzTH9Xd8
What's New Award of Contract (AOC) Get detailed infor-
mation on Tender Awarded in past:-
Mobile App
c Enjoy all popular services of MSME Global Mart on the
move.
c Reach to relevant suppliers for sourcing & sub-contract-
ing needs.
c Download MSME Global Mart Mobile App from
Google Play store now:-
KEY FEATURES
Sector Specific National Tender Alerts:-
Create your company webpage within minutes:
Create your company webpage in minutes through advance
template without any technical knowledge & become visi-
ble to millions of buyers globally.
Showcase Products & Services 24X7:-
Showcase unlimited products & services virtually 24X7
under 86 Categories & 1462 sub-categories.
Trade Leads (Buy/Sell):-
Create business / trade lead as per requirement. Avail leads
from prospective buyers.
Franchise, Sub Contracting & Distribution Opportunities:-
Offer / avail Sub-Contracting, Franchise & Distributorship
opportunities to start / grow your business.
Request for Quotation (RFQ) tool:-
Send invite to bid for specific requirements from multiple
suppliers & get response from registered suppliers.
Post Discount & Bulk offers:-
Post Discount offers for Bulk quantity purchases or attrac-
tive offers on products.
Quick Links:-
Get comprehensive links to various schemes of Ministry of
MSME, Government of India and NSIC.
OTHER BENEFITS:
Digital Services Facilitation through Aggregation
Services:-
In order to facilitate MSMEs in terms of Technology adop-
tion and achieve higher business efficiencies, business
automation and compliances, NSIC is now operating as an
aggregator and facilitator of ICT Enabled Digital Services
to MSMEs on transparent and affordable prices by way of
on-boarding various service providers offering different
products / services.
Gold Membership (B2B) :- Annual Premium package
worth Rs. 6,000/- + GST is now available with unlimited
of above features FREE for SC / ST Entrepreneurs for 1st
Year under subsidy from National SC-ST Hub, Ministry of
MSME, Govt. of India.
For More Information Visit-
www.msmemart.com OR Contact your nearest NSIC
Branch Office Ph.: 011-26382032 | 8527271130 | 1800-
111-955 Toll Free . E-mail : info@msmemart.com
c c c
11
UDYOG TIMES
Working of NSIC to Promote, Aid and Foster
…the Growth of MSMEs

12. T he following Notice and Instructions issued by
National Skill Development Corporation (NSDC) for
Special Projects, Dated- 22/01/2021.
1. National Skill Development Corporation (NSDC)
invites proposals from organizations that meet the eli-
gibility as mentioned in the RFP document for the
implementation of skill training under Pradhan Mantri
Kaushal Vikas Yojana (PMKVY) 3.0. Special Projects
For details, please refer to the RFP document.
2. The scheme will be implemented in accordance with
Guidelines for PMKVY 3.0 (2020 -21).
https://www.msde.gov.in/sites/default/files/2021-
01/PMKVY%20Guideline%20report_(06-01-
2021)_V5.pdf.
3. Interested applicants will need to submit the details by
filling the online application form at the RFP portal and
uploading the requisite documents. The link for access-
ing the RFP portal will be shortly published under the
'Notice' Section of National Skill Development
Corporation -https://nsdcindia.org/notice-current.
4. No other form of submission including hard copy will
be entertained. The deadline for the submission of
application is February 15, 2021/ 15 days from the RFP
Portal becoming live, whichever is earlier.
Key Instructions
5. Given below are the key Instructions to be followed by
Special Project Implementing Agencies (SPIAs) during
the duration of the project:
(a) Training during the Pandemic: SPIAs need to
follow the MoHFW guidelines during the tenure of
the project on preventive measures to contain
spread of COVID-19 in training centres. For those
issues which are not addressed in the MoHFW
guidelines, the MSDE guidelines would be
h t t p : / / p m k v y o f f i c i a l . o r g / A p p _
Documents/News/OMs-and-SOP-for-opening-of-
TCs-underPMKVY-2016-20.pdf .
(b) Aadhar enabled candidates: Only candidates
with Aadhar card will be taken under PMKVY 3.0.
(c) PMKVY 3.0 (2020 -21) is a scheme with a lim-
ited duration and limited targets. Therefore, please
apply for Special Projects targets, for One
Classroom with One Lab a target of 60 per job role
for three months.
(d) Query Resolution: All queries/clarifications
sought should be addressed to
specialprojectpmkvy@nsdcindia.org
c c c
12
UDYOG TIMES
Notice and Instructions regarding
Release of RFP for Providing Skill
under PMKVY 3.0
Update
Udyog Times Desk
LUB's South Bengal Team conducted a
Meeting at Baruipur Surgical Cluster with
DGM Punjab National Bank.

13. A tmanirbhar Bharat Rozgar Yojana is being launched
to boost employment in formal sector and incentivize
creation of new employment opportunities during the Covid
recovery phase under Atmanirbhar Bharat Package 3.0. The
scheme is to be operational for the period 2020-2023.
Beneficiaries: Beneficiaries (new employees) under
Scheme
* An employee drawing monthly wage of less than Rs.
15000/- who was not working in any establishment reg-
istered with the Employees' Provident Fund
Organization (EPFO) before 1st October, 2020 and did
not have a Universal Account Number or EPF Member
account number prior to 1st October 2020.
* Any EPF member possessing Universal Account
Number (UAN) drawing monthly wage of less than
Rs. 15000/- who made exit from employment during
Covid pandemic from 01.03.2020 to 30.09.2020 and
did not join employment in any EPF covered estab-
lishment up to 30.09.2020.
Eligibility Criteria for Establishments:
Establishments registered with EPFO if they add new
employees compared to reference base of employees as in
September, 2020 as under:
* Minimum of two new employees if reference base is 50
employees or less.
* Minimum of five new employees if reference base is
more than 50 employees.
Benefits:
Government of India will provide subsidy for two years in
respect of new employees engaged on or after 1st October,
2020 and up to 30th June, 2021 at following scale.
oEstablishments employing up to 1000 employees:
Employee's contributions (12% of Wages) & Employer's
contributions (12% of wages) totaling 24% of wages
oEstablishments employing more than 1000 employees:
Only Employee's EPF contributions (12% of EPF wages)
The subsidy support to get credited upfront in Aadhaar
seeded EPFO Account (UAN) of eligible new employee.
Courtesy: PIB
c c c
13
UDYOG TIMES
Atmanirbhar Bharat Rozgar Yojana
Initiative
Udyog Times Desk

14. 14
UDYOG TIMES
Nationwide Video Conferences held on 28-29 Dec. 2020
LUB has organized Two Day Nationwide Conferences of Import Substitute Products
PLASTIC
POLYMER
METALS
FERROUS-
NONFER-
ROUS
TEXTILE-
COTTON
YARN
CHEMICALS
& PHARMA
PAPER &
PACKAGING
MONDAY
28.12.2020
2.00 to 3.30
PM
TUESDAY
29.12.2020
10.30 AM to
12.00 PM
MONDAY
28.12.2020
5.00 to 6.30
PM
TUESDAY
29.12.2020
2.00 to 03.30
PM
TUESDAY
29.12.2020
4.00 to 06.00
PM
Laghu Udyog Bharati, Nagpur Vibhag is inviting you to a sched-
uled Zoom meeting.
Topic: UDYOG SAMUH
Time: December 28, 2020 02:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/95980911588?pwd=V3NSTVpBaTdvSDczTGtk
ZUdBSmRzQT09
Meeting ID: 959 8091 1588 Passcode: PLASTIC
Laghu Udyog Bharati, Nagpur Vibhag is inviting you to a sched-
uled Zoom meeting.
Topic: UDYOG SAMUH
Time: December 29, 2020 10:30 AM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/92808223764?pwd=NEtMdWZBVHZzdjUwbVQ
xa0VTalRSdz09
Meeting ID: 928 0822 3764 Passcode: DHATU
Laghu Udyog Bharati, Nagpur Vibhag is inviting you to a sched-
uled Zoom meeting.
Topic: UDYOG SAMUH
Time: December 28, 2020 05:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/96584685455?pwd=UGRNM2pNM01VTzVFM
XYwblZ2cUd5dz09
Meeting ID: 965 8468 5455 Passcode: TEXTILE
Laghu Udyog Bharati, Nagpur Vibhag is inviting you to a sched-
uled Zoom meeting.
Topic: UDYOG SAMUH
Time: December 29, 2020 02:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/96549166240?pwd=dmZzWlFwRFBWNU5jV2F
vRnpFV0JTdz09
Meeting ID: 965 4916 6240 Passcode: AUSHADHI
Laghu Udyog Bharati, Nagpur Vibhag is inviting you to a sched-
uled Zoom meeting.
Topic: UDYOG SAMUH
Time: December 29, 2020 04:30 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/91957426272?pwd=S1RVUWFOdGJzQ0FxMl
VLZi85ZjV3Zz09
Meeting ID: 919 5742 6272 Passcode: KAGAJ
Product
Category
VC
Date & Time
Link

15. M SME Minister shri Gadkari pitches for more
research to identify import substitute products.
Gadkari said it on invigoration of one of the national
projects that have been planned is Damanganga-Pinjar
project to collect water and bring it to the Godavari river
valley. While identifying crucial products being imported
into the country, the focus should be on how they can be
manufactured here, said the minister.
Union MSME Minister Nitin Gadkari has pitched for
more research to identify products that can be indige-
nously manufactured as cost-effective import substitutes.
The industries and industrial associations should do
more research to identify these substitutes to curb
imports, he added. Instead of importing spare part, the
industry should help their vendors to find an indigenous
replacement, Gadkari said in a virtual meeting.
He was speaking at the inauguration ceremony of
Atmanirbhar Innovation Challenge organised by
Marathwada Accelerator for Growth and Incubation
Council (MAGIC). It is a branch of industrial association
Chamber of Marathwada Industries and Agriculture
(CMIA).
While identifying crucial products being imported
into the country, the focus should be on how they can be
manufactured here, he said. The industry should help and
support their vendors to create all types of parts in India,
Gadkari added.
Initially, there could be 10-20 per cent rise in prices
for the substitute, but when it will start production in large
volumes, the industry can get those parts at a reasonable
price, he said. Now, it is the time to make import substi-
tutes that will be indigenous, cost-effective and pollution-
free, the minister noted.
While talking about Aurangabad, Gadkari said one of
the national projects that have been planned is
Damanganga-Pinjar project to collect water and bring it to
the Godavari river valley. From there, it will be supplied
to those projects where there is a shortage.
"I have resolved issues related to many projects in var-
ious states of the country. There were problems with this
project, to be implemented between Maharashtra and
Gujarat, that still remain unsolved," the minister said. The
industry should mount pressure on the Maharashtra gov-
ernment for this, he added. The association has launched
Atmanirbhar Innovation Challenge 20-21 to promote
startup ideas and bring them into reality, MAGIC director
Ritesh Mishra said. This year, the challenge has received
around 210 idea entries from 17 states.
c c c
Govt. Weaving a
Structure for Technical
Textiles, Man-Made
Fibre -Smriti Irani
T extiles Minister Smriti Irani has said that the Textiles
Ministry is working on a structure to roll out the
Production Linked Incentive (PLI) scheme for technical
textiles and man-made fibre (MMF) segment. She
addressed a virtual conference on Aatmanirbhar roadmap
organized as part of Assocham Foundation Week 2020.
Technical textiles and MMF are among the ten additional
sectors for which the Union Cabinet recently approved the
PLI scheme to boost manufacturing and exports. The final
proposals of PLI for individual sectors will be appraised by
the Expenditure Finance Committee (EFC) and approved
15
UDYOG TIMES
NEWS UPDATE
MSME Minister Pitches
for More Research to
Identify Import Substitute
Products

16. by the Cabinet.
The Minister said when policy reforms are looked at,
`Aatmanirbhar Bharat' cannot come to fruition if work
takes place in silos, according to a statement circulated by
Assocham. "So while on the one hand, the Centre under-
takes agricultural reforms, on the other, it leverages tech-
nology to provide farm support and undertake MSP opera-
tions," Irani said.
Sharing details on the rise in MSP in cotton, the
Minister said in 2013-14, MSP operations in the cotton
segment were worth just 90 crore, while last year, the MSP
operations had crossed 28,500 crore, the statement said.
"This season, in the cotton segment, MSP operations worth
14,659 crore have been undertaken and 9.63 lakh cotton-
producing farmers have directly received 11,799 crore in
their bank accounts. This was done in just two months,"
said the Minister.
Helping Cotton Industry
Highlighting the link between agriculture and industry,
Irani pointed out that today India produced only four lakh
bales of extra-long stable (ELS) cotton. If the industry
worked with the farming community, the potential growth
of production of ELS cotton could be increased from four
lakh bales to 50 lakh bales. Cotton textiles industry could
touch $80 billion from $18 billion. On the anvil is a new
Indian textile policy. The last time India had a textile poli-
cy was two decades ago.
c c c
16
UDYOG TIMES
Team LUB Tamil Nadu organized a Webinar with leading speakers on The Future of Mobility
(Technologies, Opportunities & Challenges). The contents are available on YouTube.
‹ÉÊÈ ©lÙª ÷Ê⁄UÃË ¡Ùœ¬È⁄U ¬˝Ê¥Ã
∑§Ë w{ flË¥ ß∑§Ê߸ ∑§Ê ª∆Ÿ
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’Ê‹ÙÃ⁄UÊ ◊¥ Á∑§ÿÊ ªÿÊ– ∑§Êÿ¸∑˝§◊ ◊¥ ⁄UÊC˛Ëÿ ‚¥ª∆Ÿ ◊¥òÊË üÊË ¬˝∑§Ê‡Ê
ø¥Œ˝, ¬˝Œ‡Ê •äÿˇÊ üÊË ÉÊŸ‡ÿÊ◊ •Ù¤ÊÊ, •¥ø‹ •äÿˇÊ üÊË ‡ÊÊ¥ÁËʋ
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∑§Ù∆Ê⁄UË, ‚Áøfl üÊË ◊„ÊflË⁄U ◊„ÃÊ ∑§Ù ◊ŸÙŸËà Á∑§ÿÊ ªÿÊ–
c c c

17. Real Bank Stress may
be Hidden by Easy
Liquidity: Das
T he extraordinary easy liquidity policies of the
Reserve Bank of India (RBI) have helped banks
report strong financial parameters but these numbers do
not necessarily reflect the true stress in the system due to
the pandemic, governor Shaktikanta Das said. For the sec-
ond time in a row, the governor warned of the divergence
between the financial markets and the real economy and
raised red flags about ballooning stock and bond values,
but said financial stability will be the "overarching goal" of
the regulator.
"Congenial liquidity and financing conditions have
shored up the financial parameters of banks, but it is rec-
ognized that the available accounting numbers obscure a
true recognition of stress," Das said in his foreword to the
Financial Stability Report.
In a rare sign of comfort, all five components of the
Banking Stability Indicator are showing improvement, but
the defaults situation may worsen with gross bad loans
likely surging to as much as 14.8% in September this year
under extreme stress conditions, from 7.5% in the year ear-
lier, the report said.
The adverse scenarios used in the macro stress tests
were stringent conservative assessments under hypotheti-
cal adverse economic conditions, so the model outcomes
do not amount to forecasts, the report said. The report was
delayed to incorporate the first advance estimates of
national income for 2020-21 released on January 7.
The governor's warnings come amid record high stock
indices and overnight market interest rates that plunged
below the RBI's desired levels. They came just a day after
the central bank moved to restore normalization of liquid-
ity operations by announcing a 14-day reverse repo auction
to drain some liquidity.
Das said that disconnect between certain segments of
financial markets and the real economy has been accentu-
ating in recent times, both globally and in India.
c c c
YES BANK Launches
'YES MSME' Initiative to
Enable Access to Funding
Y ES BANK has rolled out YES MSME, a proposition
with the aim to strengthen the Micro, Small and
Medium Enterprises (MSMEs) with speedy and easy
access to funds. The proposition focuses on supporting
MSMEs in expanding their business, sustaining momen-
tum, and accelerating growth through solutions across
lending, deposits, insurance, customized and segmented
digital solutions for retail, manufacturing, wholesale, trade
and service providers. The launch comes during the SME
Carnival from January 18-22, 2021.
In the event Shri Nitin Gadkari, Union Minister for
MSMEs and Road Transport and Highways, said that the
MSME sector accounts for 30 per cent of the economy cre-
ating 11 crore jobs so far. Investment in the sector is the
need of the hour and we are hopeful that concerted efforts
by the industry and the Government will help expand it.
Prashant Kumar, MD and CEO, YES BANK, said that
the Bank's enhanced value proposition will improve access
to finance for MSMEs and support their technology
upgrade, among other customer-focused measures.
Five key differentiating elements:
Borrow: Easy borrowing channels with customized
funding- government schemes, trade and finance SME ini-
tial public offering (IPO), investment banking (IB), a ded-
icated MSME Cell, and parameterized product solutions
for ease along with quick fetching of GST/ITR details,
enabling faster access.
Save: Current account to savings account/fixed deposit
sweep; focused programs -YES Premia, YES First
Business and assets-focused loyalty rewards program.
Simplify: Startup lending up to Rs. 5 crore under YES
SPARK; digital applications-YES MSME, YES Transact;
fintech partnerships and digital payroll solutions.
Partner: YES Biz Connect- collaborative solutions to
build strong market linkages involving over 700 industry
associations; tech-based partner solutions; knowledge
sharing via advisories, newsletters and discussion
forums.
c c c
17
UDYOG TIMES

18. Leaving your Job without
Serving Notice Period? Be
Ready to Pay 18% GST
T here is an important update for salaried employees
who are planning to leave their jobs without serv-
ing the stipulated notice period. As per the new rules,
employees will have to pay 18 percent of goods and serv-
ices (GST) tax on the pay recovered for the notice period
duration.
According to the Gujarat Authority of Advance Ruling,
the employee leaving the company without completing the
notice period will have to pay 18% GST along with paying
the salary amount to the company for the remaining peri-
od.
This rule came during a case hearing held by the
authority in which an employee of an Ahmedabad-based
company Amneal Pharmaceuticals demanded an advance
ruling. The employee had demanded that he wanted to
leave the job without completing the three-month notice
period.
While hearing the case, the authority decided that the
outgoing employee will either have to serve the notice
period mentioned in the appointment letter or will have to
pay an additional 18 percent GST along with paying the
salary amount to the company for the remaining period.
Any company or organization mentions a notice period
in the employee's appointment letter that varies according
to the company's requirement and position so that the com-
pany can arrange for his replacement.
c c c
Indian Pharmaceutical
Industry Flourishing
without Govt.'s Much
Facilitation
I ndian Pharmaceutical Industry is being flourished
without much attention and facilitation of Govt.
machinery. Shri Rajesh Gupta from Baddi (HP) tells that in
the last 40-50 years, many SME's flagging Indian
Pharmaceutical Industry worldwide and proved Truly Self
Reliant business modules.
Three ministry ruling the Pharmaceutical sector is a big
problems for facilitation, however due to SME'S power
none of medicines/Composition anyone can claimed
SHORTAGES in 130 crore population country in-spite of
raw material import dependency. All Govt. institutes
except Vaccines flopped to cater Indian population
demands but SME's performing well and all above now
become Large Corporates.
Shri Gupta said that LUB Pharma Committee fights
under guidance of National Team in a true spirit for policy
matters and few positive changes have been made after
proper intervention of LUB and Pharmaceutical fraternity.
He told that few more pending under Red Tappism in
Pandemic.
c c c
Defence Expo would be
Empowered in MSME-
2021 Event
S watantra Foundation together with Aerospace
Industries Development Association of Tamil Nadu
(AIDAT) supported by The Ministry of Defence,
Department of Defence Production and Tamil Nadu
Industries Development Corporation.
Uma Meiyappan, Convener LUB-TN Business
Development told that it is scheduled on 19-21 March,
2021 and the venue is Chennai Trade Centre Complex,
Nandambakkam, Chennai. The Expo is focused on differ-
ent segments: Engineering, Food, Leather, Clothing &
Services for Defence.
In this Expo, the prominent companies are taking active
participation including Larsen & Toubro, Ordnance Board
Factories, HAL, BEL, Bharat Forge, Super Auto Forge,
Ashok Leyland, Mahindra, Tata Aerospace, TITAN, LMW,
LCC, Murugappa Group, MIDHANI, Hindustan Shipyard,
BEML, DRDO, DGQA, etc
c c c
LUB J&K (UT) Meeting
held on 14th January
L UB's J&K (UT) Unit conducted a meeting. Shri
Pravin Kumar welcomed to the Central Government
and UT Administration for good package offered for the
growth of Industrial Sector for J&K, UT along with
employment generation. This package was due to the five
years and announced after continuous efforts done by
Laghu Udyog Bharti, J&K and National Team. For this
purpose, a formal Vote of Thanks was also published in the
print media for paying regards to the Government.
c c c
18
UDYOG TIMES

20. UDYOG OFFICIAL PUBLICATION OF
LAGHU UDYOG BHARATI
30 January, 2021
Registration No. RAGBIL/2016/69093
Postal Reg. No. : Jaipur City/433/2020-22
An In House Monthly Magazine of Laghu Udhog Bharti, Published by Om Prakash Mittal Printed at
RAJ BLOCKS, B-81, Road No. 4, 22 Godown Industrial Area Kartapura, JAIPUR-302019
TIMES