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

By Our 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.”

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Loktantra Bachao Abhiyan raises concerns over Jharkhand Adivasis' plight in Assam, BJP policies

By Our Representative The Loktantra Bachao Abhiyan (Save Democracy Campaign) has issued a pressing call to protect Adivasi rights in Jharkhand, highlighting serious concerns over the treatment of Jharkhandi Adivasis in Assam. During a press conference in Ranchi on November 9, representatives from Assam, Chhattisgarh, and Madhya Pradesh criticized the current approach of BJP-led governments in these states, arguing it has exacerbated Adivasi struggles for rights, land, and cultural preservation.

Promoting love or instilling hate and fear: Why is RSS seeking a meeting with Rahul Gandhi?

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Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

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A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual.

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Will Bangladesh go Egypt way, where military ruler is in power for a decade?

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A Marxist intellectual who dwelt into complex areas of the Indian socio-political landscape

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Tributes paid to pioneer of Naxalism in Punjab, who 'dodged' police for 60 yrs

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