The Industry Standing Committee of Parliament, headed by TRS leader K Keshava Rao, asked the Centre to immediately come out with a larger support package to boost the economy.
The panel, noting the importance of Ministry of Micro, Small and Medium Enterprises (MSMEs) in the employment generation, demanded the Centre to draft a new employment policy to address the growing rate of job loss.
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The report of the panel, titled
Covid impact
The second wave of Covid-19 ripped through the economy even more vigorously than the initial outbreak, the report said and asked the Centre to issue a larger economic package that is “aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs to recover from the pandemic fall-out”.
Expressing concern over the grim situation of the small enterprises, the panel wanted the Centre to ensure liquidity support to keep businesses running and generate jobs.
It also criticised the MSME Ministry for not conducting any intensive studies to ascertain the actual losses suffered by the sector due to the pandemic. It called for a detailed study to make an assessment of the losses suffered and to chalk out an effective plan for revival of the sector.
‘New policy needed’
“A new National Employment Policy may be considered along with exploring the feasibility of establishing a National Electronic Employment Exchange and building a skill-based database to provide employment to the skilled manpower in their area of expertise. Besides, the Ministry should facilitate the MSMEs to scale up their capacity building and technical know-how through extensive training and up-skilling programmes,” the report said.