New govt scheme to boost MSME sector
VIJAY C ROY
Chandigarh, 18 February
Micro, small and medium enterprises ( MSMEs) in India are likely to
get a shot in the arm through a scheme of the Consultancy Development
Centre ( CDC, an autonomous institution of the department of
scientific and industrial research, science and technology ministry),
which envisages financial assistance to MSMEs, including first-
generation entrepreneurs, for availing themselves of consultancy
support.
The scheme aims to enhance the capabilities and competitiveness of
MSMEs, besides promoting the use consultancy services by
entrepreneurs.
The scale of financial assistance to MSMEs varies from 50 per cent to
85 per cent of the consultancy charges, depending on conditions laid
down by CDC for different sectors.
A senior CDC official told Business Standard, " We have got a good
response from entrepreneurs for availing of financial assistance, for
which the last date was December 31, 2012.
We will launch the scheme again in the next financial year." In cases
where the consultancy intervention involves the use of a technology or
process developed by the Council of Scientific and Industrial
Research, the enterprise will be entitled to an additional 10 per cent
support. The official said consultancy was a strategic tool for
business development.
"Large enterprises have enough resources to hire manpower.
But the MSME sector does not have these resources and thus, needs
institutional support for providing these inputs," he added.
There is a need to provide support to the MSME sector, and especially
to rural and micro enterprises, through suitable measures to
strengthen them for converting the challenges they face into
opportunities, the official added.
North India Technical Consultancy Organisation Managing Director
Rattan Singh said, " Earlier, MSMEs were reluctant to hire consultants
owing to paucity of funds.
With this scheme, the MSME sector can explore possibilities of diversification."
'
Oil firms to get CCI notice on cartelisation
BS REPORTER,
Mumbai, 18 February
The Competition Commission of India (CCI) is issuing a notice to three
state- owned oil marketing companies ( OMCs) on a probe on whether
they form a cartel to fix petrol prices.
The commission is also looking at the coal and fertiliser sectors,
where governmentowned companies dominate the market.
"Law does not distinguish between government and private companies,"
said Ashok Chawla, chairman of CCI, addressing the annual global
investor conference here of Kotak Institutional Equities. "After the
government clarified that it does not have a role to play in petrol
pricing after deregulation, we have taken up the issue." The notices
will be sent to Indian Oil Corporation, Bharat Petroleum Corporation
and Hindustan Petroleum Corporation in the next couple of days, said
Chawla on the sidelines of the conference.
The CCI also believes the practice of under- recovery in which the
government compensates the OMCs for selling diesel at less- than- the
market price is not fair. " We are taking the route of advocacy with
the government for such issues," said Chawla. Unlike petrol prices,
diesel is still regulated by the government and underrecovery makes
marketing of diesel for private companies unviable.
CCI became fully functional only in 2009, though the Competition Act
under which it was established was passed in 2002. The regulator
slapped fines totalling ₹ 6,304 crore on 11 cement companies in June
last year, after finding them guilty of cartelisation. It also imposed
apenalty of ₹ 630 crore on real estate giant DLF for abusing its
dominant position. And, it had probed the aviation sector but said it
could find no evidence for the charge.
The regulator has also been in the news because of its conflict of
interest with other regulators, such as the Reserve Bank of India and
the Telecom Regulatory Authority of India. This is because mergers and
acquisition falls under its jurisdiction, to ensure competition
survives in the market and dominance is not abused.
"Whatever ambiguity was there on this issue has been resolved, with
the government taking a clear view," said Chawla.
--
CS A RENGARAJAN,, B.Com ,FCS, LLB, PGDBM
Company Secretary, Chennai
CONVENOR, CHENNAI WEST STUDY CIRCLE ICSI-SIRC
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