Tag: Nitin Thaker

Demonetisation Effect | MSMEs hit hard, output plunges to 50% of capacity

With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of Rs 500 and Rs 1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. There ar…