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MSME stimulus package fails to address employee welfare issues

For the auto component sector, the manpower cost which lies in the range of 10-12 percent, is one of the key issues at a time when there is zero incoming revenue. The mandate of paying to their employees becomes a critical challenge. The industry leaders feel disappointed in the first tranch of economic stimulus for the MSME sector which did not touch upon the issue of working capital and employee payments.

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