FKCCI calls for a quick reassessment of minimum wages to prevent closure of MSMEs
The cost of doing business in Karnataka is now significantly higher than in neighbouring States such as Tamil Nadu, Telangana, and Andhra Pradesh and such cost escalations coupled with an improper minimum wage structure have been putting a lot of pressure on small entrepreneurs in the State, said M.G. Balakrishna, president of the Federation of Karnataka Chambers of…