The economic slowdown over the last few years cast a shadow over the Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh during 2015. In terms of sick units, Uttar Pradesh brought the curtain down on year just ended with 84,063 such units as per RBI data cited in Parliament by Minister o…
Tag: IIA
MSME body opposes Bonus Amendment Bill
The Micro, Small and Medium Enterprises (MSME) industry in Uttar Pradesh has strongly opposed the retrospective implementation of the Payment of Bonus Amendment Bill 2015. On December 23, the Parliament had passed the Bill amending the Payment of Bonus Act, by which more employees have become eli…