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.”

Incarceration of Prof Saibaba 'revives' the question: What is crime, who is criminal?

By Kunal Pant* In 2016, a Supreme Court Judge asked the state of Maharashtra, “Do you want to extract a pound of flesh?” The statement was directed against the state for contesting the bail plea of Delhi University Professor GN Saibaba. Saibaba was arrested in 2014, a justification for which was to prevent him from committing what the police called “anti-national activities.”

India’s heatwave crisis: How concrete cities are fueling climate emergency

By Rajkumar Sinha* According to recent studies, urban areas are witnessing a much sharper rise in temperatures than rural regions. The planet is currently heading toward an additional 1.9°C of warming — far beyond the target envisioned under the Paris Agreement . A team of climate scientists associated with the Intergovernmental Panel on Climate Change has noted that India’s average temperature increased by nearly 0.9°C during the decade between 2015 and 2024 compared to the early twentieth century (1901–1930). In western and northeastern India, the hottest day of the year has already become 1.5°C to 2°C warmer since the 1950s.

Retired civil servants slam CJI’s remarks on environmental litigants

By A Representative An open letter issued on May 22, 2026, by the Constitutional Conduct Group (CCG), comprising 71 retired civil servants from the All India and Central Services, has strongly criticized recent remarks made by the Chief Justice of India (CJI) against environmental litigants.

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