35% job loss after demonetization, 50% dip in revenues of MSMEs: Economist

By A Representative
Talking about the "adverse" impact of the November 2016 demonetisation, a senior academic has revealed, at a meeting organized by the Financial Accountability Network India and Delhi Forum, two civil rigs organizations, ever since, India's micro and small enterprises have suffered 35% job losses and 50 per cent dip in revenues.
Dinesh Abrol, professor, Institute of Studies in Industrial Development, further said, likewise, the credit disbursed by the banks shows that out of a total outstanding credit of Rs 26.04 billion as in November 2017, 82.6% of the amount was lent to large enterprises, and MSMEs got only 17.4% of total credit”, which further worsened the unemployment situation.
Speaking at the meeting, Dr Sunilam, a senior civil rights leader, said, the difference in the Minimum Support Price and the market price of the agricultural products is over Rs 50,000 crore, higher than the Union Agriculture Budget. Added Vijoo Krishnan, a CPI-M leader and joint secretary of the All-India Kisan Sabha, “As against the promise to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, the rural distress reached to the unprecedented levels."
Kavita Krishnan, a CPIM-L leader said: "The last four years witnessed, rising inequality, bank frauds, bank charges, systemic destruction of the institutions like NSSO, and denial of the information on the social spending and other crucial data.” She regretted, "The only people who got benefitted were the rich, and the PSUs like HAL, BSNL, which were doing financially well, today can’t even pay salaries.”

Right to walk, right to livelihood: Clearing footpaths 'can't mean' clearing out the urban poor

By Aseem Mishra* India’s cities are locked in a quiet but intensifying struggle over one of their most contested public spaces: the footpath. For pedestrians, a footpath is basic infrastructure—a strip of ground that should allow people to move safely, independently and with dignity. For millions of informal workers, the same stretch of pavement is a workplace, a source of daily income and often the difference between survival and destitution.

A fearless spirit lost: Rebecca Thomson dies at 17-hour Catalina Swim Mark

By Harsh Thakor On July 26, 2026, Rebecca “Becky” Thomson suffered cardiac arrest while attempting the Catalina Channel Swim — a marathon open water crossing from Catalina Island to the California mainland. After swimming for 17 hours, Thomson collapsed in the water. Despite the painstaking efforts of emergency responders and the medical staff at Harbor-UCLA Medical Center, she succumbed to a devastating hypoxic brain injury and died Friday evening.

Women lawyers petition Supreme Court, seek reconsideration of Aug 4 order on bar council co-option

By A Representative A group of women advocates who stood sixth and seventh among female candidates in the recent Bar Council elections have filed a petition before the Supreme Court, seeking a recall and reconsideration of the Court’s August 4 order determining the mechanism for co-opting women into State Bar Councils.

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