Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   Sycophants proved me right: Hussain | Beautification of Srinagar highway poses threat to Army convoys | IB official meeting Geelani disturbing | BJP's Sinha wants Jammu to keep quiet | Vacant post of ADC Rajouri raises eye brows over bureaucratic intentions | Helpline no. 102 remains non starter | Ram Madhav lambasts BJP ministers, leaders for supporting Jammu people | Will Beig also go the Drabu way? | Health Deptt compromises implementation of Health Quality assurance | Politicians continue to call shots vis-a-vis shifting of government schools in JK | Sordid saga of Jehangir Chowk-Rambagh flyover | Fund crunch halts construction work of NTPHC Gadigarh | Illicit relationship of deceased with wife of accused leads to 'murder' of Kishtwar Hotelier | 35 Dy SPs transferred | ED raids house, business establishment of man over money laundering | NYKS organizes northeast states of camp concludes | Mehbooba inaugurates Maharaja Hari Singh park | 10 years on, school buildings awaits completion | Strike for district status enters day 29 Nowshera residents stand firm | AKRS hold anti-Mehbooba protests | CM directs district officers to deliver to peoples' expectations | Lady patient allegedly dies of doctor's negligence | Governor's rule only way out in state: KPC | Court rejects bail in fake gun license scam | RDSS resents open dumping of garbage in village Kallri | Transfer an incident of service: HC | Impose Governor’s rule to save state from further death, destruction: Harsh | De-silting of Jammu canals behind schedule | Army Chief's hard talk leaves Pakistan guessing | Govt orders transfers in administration | Militants flee after brief exchange of fire in Hajin | Humming Buds School celebrates Graduation Day | "Technical Knowledge Dissemination" week concludes at IECS Polytechnic | Police organizes sports event | Fashion Show "Rage","Nalayak" Band Performance Highlights of Day 1 | Dalai Lama to address first Convocation of CUJ | SFA conducts selection trials in Poonch | Hiranagar , Jammu Club clinches football & Kabbadi titles | BJP should withdraw support from coalition: JWAM | YV Sharma appointed J&K State President of AIPC | BJP, PDP have lost the game because they have hit their own wickets: AAP | KSS reiterates demand to include Kashmiri Sikhs in PM's job package | FinMin hands over Mobile Van to J&K Grameen bank | 2 day Ram Kund Mandir fair concludes | RTI: A tool for Aggrieved & Oppressed | “My interaction with my community people” | Dawn after the darkest hour | Sharma's task tailor made by centre | JPPF celebrates State Raising Day | Muzaffar Beigh led delegation calls on defence minister | NHPC pays interim dividend of Rs. 849.80 Cr | Militant held with arms, ammunition in Kulgam | Medium danger avalanche warning issued by SDMA | Kashmiri Migrants discuss community issues with ADDC | Power shut down | Back Issues  
news details
Promoting MSMEs can prevent financial scams: Dr Jitendra
Ganga demands special package for J&K industries
2/19/2018 11:53:03 PM
Early Times Report
Jammu, Feb 19: Providing support for growth and development of the micro, small and medium enterprises (MSMEs) can help in preventing high-profile scams committed by a handful of big industrialists, Union Minister of State in Prime Minister's Office (PMO), Dr Jitendra Singh said at an ASSOCHAM event held in Jammu today.
"One of the biggest buffers to prevent such high-profile scams happening from time-to-time is to promote MSMEs," said Dr Singh while inaugurating an ASSOCHAM conference on MSME sector in an apparent reference to colossal banking scandal involving fraud worth Rs 11000 crore committed by absconding billionaire jeweller Nirav Modi.
The Union Minister also encouraged the industry for not seeking subsidies. "People should forego subsidy for those who actually support the MSMEs, if that happens then we will not witness such scams being committed by 500-odd big businessmen," added Dr Singh.
Terming the present scenario as 'favorable' for both Jammu and Kashmir and north-eastern states of India, he said that the incumbent government at the Centre has the required will power which was lacking during the previous regimes.
"We need to create favorable situations at the state level to lure investors to come and set up their businesses through incentives rather than dis-incentivise them," said Dr Singh while addressing a SME Sammelan organised by ASSOCHAM.
"It will not only spur growth and development of the industrial sector in the state but will also encourage the youth to become entrepreneurs," he added.
Praising the efforts of the youth of the valley, the Union Minister said, "Today the youth of Jammu and Kashmir has gone ahead of their counterparts in many of the states across India as they are becoming toppers in top-notch education institutes of the country like the IITs."
He however lamented that there are certain elements who do not want to see things normalising in the militancy-hit state. "It is only a handful of people who as part of their petty politics try to create an environment of chaos but they would not succeed as the common citizen of Srinagar wants to be a part of the growth process led by Prime Minister Narendra Modi."
He asserted that militants were on back-foot as they were being given a befitting reply by the security forces.
Earlier, in his address at the ASSOCHAM conference, Industries and Commerce Minister, J&K government, Mr Chander Prakash Ganga urged the Centre to treat Jammu and Kashmir at par with north-eastern states and extend benefits and exemptions on the similar lines.
"Dr Jitendra Singh being son of the soil has been very supportive to J&K, we would urge him on behalf of the state to inform the Prime Minister that industry exodus in the state can only be stopped if we are given a complete package on the lines of north-east," said Mr Ganga.
Amid others who addressed the ASSOCHAM conference included: ASSOCHAM secretary general, Mr D.S. Rawat; Mr M.P. Raiker, chairman, ASSOCHAM National Council for Development of MSMEs; Mr Rakesh Gupta, president, Jammu Chamber of Commerce and Industry; Mr Amit Ray, executive director, Uflex Ltd. and Mr Anil Kishora, chief general manager, SBI.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center