x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   After losing power Mehbooba projects PM Modi as 'villain' | 'In Mehbooba's rule PDP leaders enjoyed impunity' | Hails Kashmiris for participation in elections; Jammu, Ladakh find no mention | Terror recruitment case: Geelani's former aide nabbed | Govt employee allegedly pursuing IMBA | A group within BJP trying to sabotage RSS's Dharam Sabha | Despite getting Raj Bhawan attention, former CMs train guns on Governor | Politically affluent Govt officials immune to transfers for years | Whistleblower RDD Engineer thrashed by colleague | BJP's efforts failed as Lok Sabha Speaker accepts Chhewang's resignation as MP | Chidambaram wants implementation of interlocutors’ report on J&K | Interference by locals in anti-militancy operations takes a toll on security forces | Omar, Mehbooba have no mandate to speak for whole J&K | Lal Singh's cold-shoulder response to BJP's bid to placate him | JK set to miss opportunity to make its twin capitals 'Smart' | Victory in 3 states revitalizes Congress in J&K | Over 70 percent Govt. schools without electricity | Congress' Chidambaram wants implementation of interlocutors' report on J&K | Sports event organized in Govt Boys Middle School Gorakh Nagar | SKPA holds 5 day Annual Sports Meet | District Wushu Championship postponed | Mount Litera Zee School organizes awareness rally | Shiksha Niketan organizes Science exhibition | Heaven Angel's Playway School celebrates Annual Sports Day | Relief material distributed | Humanity Public School celebrates Annual Day | No room available for students, official documents kept at cook's residence | NH connecting Ladakh with Kashmir remains shut | Traffic resumes on Jammu-Srinagar NH after clearance of landslide | In Srinagar male mortality ratio is double than females | SAC approves establishment of first ever University in Ladakh | Guv-led SAC approves Rs 88 911 cr state budget for FY'20 | DB grants last opportunity to comply with directions | Balakote sans communication facility | Non availability of anesthetist continues to hamper functioning of DH Kishtwar | Seven civilians killed as protesters clash with police, security forces in different areas | Irrigation Deptt overlooks Nandpur areas, only canal lying dry since decade | VHP express concern over non-construction of Ram temple | Mahila Panthers seek 33% reservation in Assembly elections | FRAI extends support to CAIT 'Rath Yatra' | GREF uses substandard materials in improving drainage | Old woman killed in road mishap | Five years on, Drungli nallah bridge awaits restoration | Reasi dist admin on alert after 'unknown' disease kills two minor sisters | Govt enacts J&K Maintenance of Parents & Senior Citizen Act | EJAC (R) highlights employees' problems, demands early redressal | PDP holds protest against Bajrang Dal | GCPF holds meet, discusses issues | Give ownership rights to local allottee, refugees staying on Custodian properties: Manjit | Indo-Pakistan War 1971: The new generation must derive motivation from historical narratives | Challenges of the retirees | Civil Defence organizes one day awareness programme | DIET Jammu organizes one day science exhibition | Dogra Front & Shiv Sena takes out protest rally | SSB Swachhta pakhwada concludes | Seminar on communal harmony, national integration held | Advanced laparoscopic surgeries at SSH | Grameen Bank organises going digital financial literacy | Vishwa Bharati school celebrates generations' day | LWWS stages street play | Chinar school celebrates annual day | NYK Kathua organizes awareness programme | Shiv Sena leaders meet Dr Karan Singh; discuss various issues | Landmark legislations by SAC widely welcomed | 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
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU