Daily MirrorNov 22, 2021Uncertainty looms for MSME sector with “cosmetic budget” for 2022: COSMIStresses this is not a period for testing economic theories and models, but a period for urgent actionNotes gradual shifting towards a production-oriented economy from an import substitution economy is the way out Says the new tax imposed on banks would make the hard-hit MSMEs further vulnerableThe government was called on by Confederation of Micro, Small and Medium Industries Sri Lanka (COSMI) to refrain from experimenting economic theories and models on the business community, especially on the MSME sector, as the operative environment is already challenging.Read more at Daily Mirror
Stresses this is not a period for testing economic theories and models, but a period for urgent actionNotes gradual shifting towards a production-oriented economy from an import substitution economy is the way out Says the new tax imposed on banks would make the hard-hit MSMEs further vulnerableThe government was called on by Confederation of Micro, Small and Medium Industries Sri Lanka (COSMI) to refrain from experimenting economic theories and models on the business community, especially on the MSME sector, as the operative environment is already challenging.Read more at Daily Mirror
