Insights, Policy, and Business Intelligence for SMEs, Businesses, and Entrepreneurs
There’s no hiding the fact that the global retail environment, much like the rest of the world, has been beset by negative or flat growth and shrinking margins. Some have laid the blame on increased competition from the internet.
Pandemic crisis and economy: Adopting a Gandhian-Buddhist economic approach need of the hour .The economic and social costs of the pandemic are worrisome: Businesses, farming activities and even normal day to day life have been badly hit. When human interventions cross the limit, they can break the natural equilibrium. Shrinking forest cover, over depletion of natural resources, unlimited mining and quarrying have all taken a toll on our ecosystem.
Arya agri-tech solutions promotes technology-intensive farming in Kerala. Farming goes hi-tech. Precision farming, highly automated farming, remote monitoring and controlling operations with the help of data supplied by drones. This is how technology-intensive modern farms function.
Tough situations or times are temporary so it never last, but in normal situations or even in hardest situations some people never give up. So they are called as tough people who are highly dedicated and become tougher than the situations. In life difficult times never come knocking the door, it will always come out of the blue when you will be least expecting it or when you are least prepared to encounter. Let’s face it! People face various situations in life.
South Asia Economic Focus anticipates a sharp economic slump in each of the region’s eight countries, caused by halting economic activity, collapsing trade, and greater stress in the financial and banking sectors.
The continued sharp decline in working hours globally due to the COVID-19 outbreak means that 1.6 billion workers in the informal economy – that is nearly half of the global workforce – stand in immediate danger of having their livelihoods destroyed, warns the International Labour Organization.
lobal remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country.
governments have to revisit their policies on protecting MSMEs. The approach has to both protect and promote the sector. But there is a need to significantly change the MSME policy orientation, particularly with regard to manufacturing and production for the local markets.
Corona crisis can turn to be a blessing in disguise for the MSME sector if it can trigger revival and resurgence of small industries and businesses.
The MSME sector has a crucial role to play in reducing greenhouse gas emissions. And they account for around 25% of the annual energy consumption of the industrial sector as per the “Yes Institute Report” titled “Climate Change as a Driver of Energy Efficiency in MSMEs” brought out in 2016 ( p.8). Energy is one…