Congress Criticises Modi's Policies, Calls MSME Situation Dire

15 Jul 2024 CW Team

The Congress party has sharply criticised Prime Minister Narendra Modi's policies, accusing them of severely damaging India's Micro, Small, and Medium Enterprises (MSMEs). In a recent statement, Congress spokesperson Gourav Vallabh described the government's actions as a "systematic bludgeoning" of the MSME sector, leading to what he termed an economic catastrophe.

Vallabh highlighted several key areas where he believes the government has failed. He pointed to the implementation of the Goods and Services Tax (GST) and demonetization as two major policy missteps that have had long-lasting negative impacts on small businesses. According to Vallabh, these policies disrupted the operations of countless MSMEs, resulting in widespread closures and job losses.

The Congress spokesperson also criticised the handling of the COVID-19 pandemic, arguing that the lack of adequate support for MSMEs during lockdowns exacerbated their struggles. He claimed that many businesses were left to fend for themselves without sufficient financial aid or policy support, leading to further economic distress in the sector.

In addition to these critiques, Vallabh underscored the importance of the MSME sector to India's economy. He emphasised that MSMEs are a crucial source of employment and innovation, and their decline has significant repercussions for economic growth and stability.

The Congress party has called for immediate remedial measures to support and revive the MSME sector. Vallabh urged the government to provide targeted financial assistance, ease regulatory burdens, and ensure better implementation of supportive policies to help MSMEs recover and thrive.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..