Condemning the conviction of physician and human rights activist Binayak Sen as a travesty of justice, more than 250 physicians, medical professionals and students here on Tuesday demanded his immediate and unconditional release. Dr. Sen along with Maoist ideologue Narayan Sanyal and city-based businessman Pijush Guha was sentenced to life imprisonment on December 24 by a Raipur court on charges of criminal conspiracy to commit sedition under Section 124(a) of IPC. Assembling...
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Lessons for micro-finance from 2010 by Subir Roy
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...
More »Orissa files 500-page response in Supreme Court over MGNREGA
The Orissa government today filed a 500-page response in the Supreme Court on the stricture made by the apex court on the alleged irregularities committed in the implementation of the Mahatma Gandhi National Employment Guarantee Act (MGNREGA) in the state. "We have filed a 500-page response in the Supreme Court on the status of the implementation of MGNREGA in the state. Action has been taken against around 600 errant officials in...
More »'Scam' in loans to Lavasa, Adani
Over a month after the CBI cracked down on the alleged multi-crore kickbacks-for-loans scam, investigators are believed to have found irregularities in the loan files of at least eight companies, including Lavasa, DB Realty, Mantri Realty and Adani Group. In November, the CBI had arrested three members of Mumbai-based financial service company Money Matters and four others for their involvement in the alleged loan scam. The CBI, after going through loan...
More »'US was advised to start trade war over GM crops'
The US government was advised by its officials to start a military-style trade war against European countries that oppose GM crop cultivation, a new Wikileak release by the UK-based newspaper Guardian has shown. The US embassy in Paris in 2007, when FRAnce moved to ban GM corn by Monsanto, recommended that the US "calibrate a target retaliation list that causes some pain across the EU since this is a collective responsibility,...
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