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.”

The making of a self-made woman: How eighty sheep changed everything for Kalawati Ninama

By Vikas Meshram* About forty-two kilometres from Rajasthan's Banswara district, in the tribal heartland of Ghatol block, lies the small village of Ubapana. This is where Kalawati Ninama, her husband Dhulji, and their four children make their home. Their days unfold much like those of their neighbours—bustling mornings, long hours of farm labour through the afternoon, and evenings spent tending livestock. For this family, farming and livestock were once simply a means of putting food on the table. Today, they have become the sturdy foundation of something far greater: genuine self-sufficiency.

Ahmedabad world’s least climate resilient major city: AlphaGeo study

By Rajiv Shah A new study has ranked Ahmedabad as the least climate-resilient major city in the world , highlighting a dangerous gap between the city’s extreme physical vulnerability to climate hazards and its capacity to adapt. Cited by The New York Times , the analysis, conducted by geospatial artificial intelligence firm AlphaGeo , places the Indian city at the top of a list of global urban centres most exposed to climate risk.

India has spent billions on skilling. Where are the jobs?

By Vikas Gupta India loves the photograph of a certificate ceremony. A minister on a stage. A banner bearing the word “skill.” Young people holding folders that promise a future. It is a reassuring image because it tells us the problem has a manageable answer: train the young, make them job-ready, and work will follow.

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