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February 25, Sunday 2018 11:11 PM       

       HEADLINES: CM, Chennithala condole Srideviā€™s death                                              Ten new faces in CPM state panel, seven exempted                                              Royal family protests at Padmatheertham pond                                              Congress activists manhandle minister in Kannur                                              Kodiyeri to continue, Gopi Kottamurikkal reinstated                                              Veteran actress Sridevi passes away at 55                                              Bollywood mourns demise of actress Sridevi                                              Sridevi, the diva who lit up Indian cinema screen                                              Somalia twin blasts: Death toll rises to 45                                              Russia hacked Winter Olympics: US                                              North willing to hold talks with US: S Korea                                              It is hard to digest that Sridevi is no more, says Sachin                                              BCCI turns down ICC request for rescheduling IPL match                                              Santner, Taylor shine as Kiwis defeat England                                              Kohli, Dhoni rested for upcoming T20I tri-series                                              T20I rankings: Kohli sinks, Dhawan rises                                              Kaumudi Facebook
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       India gets its first MSE sentiment index
 
         Posted on :09:32:01 Feb 4, 2018
   
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       Last edited on:12:35:31 Feb 4, 2018
         Tags: India gets its first MSE sentiment index
 

NEW DELHI: Finance Minister Arun Jaitley has launched CriSidEx, India's first sentiment index for micro and small enterprises (MSEs) developed jointly by credit rating body CRISIL and Small Industries Development Bank of India (SIDBI) here.

CriSidEx is a composite index based on a diffusion index of eight parameters and measures MSE business sentiment on a scale of zero (extremely negative) to 200 (extremely positive).

CriSidEx will have two indices, one for the survey quarter and another for the next quarter once a trend emerges after few rounds of the survey, providing independent time series data.

Delivering his keynote address, the Finance Minister said: "The health of MSME sector is extremely vital to the economy and with the number of steps taken by the government in the past two years, there is an increased integration of MSME sector into the formal economy."

"MSME sector is the backbone of the economy. It is one of the largest employers in the country and with the vast population where employment either in government or in the large industry itself has limited potential. This is one sector where people not only exhibit their entrepreneurial skills, become part of large value chains but also become job creators in the process. And that is the reason why a bulk of the jobs in manufacturing, trading have been created in this particular sector," the Finance Minister added.

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       BUSINESS
Next Article: Patanjali aims to increase farmers' income tenfold: Acharya Balkrishna
 
 
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