- The Hindu
Fuel price hike hits MSME hard
This is the latest blow after pandemic impacted industries badly
The recent increase in fuel prices is having a cascading effect on the already bleeding medium, small, micro enterprises (MSMEs) in Karnataka, say stakeholders.
The MSME community will be able to withstand the onslaught of soaring inflation only if the Government takes immediate action to cut the cost of raw materials, increase the working capital by encouraging banks to lend more, put a cap on the export of raw materials to increase their availability within the country at a reasonable price and cut import duties, they say.