The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...

Former chief justice of India KG Balakrishnan on Friday said the Right To Information (RTI) Act "was grossly misused" and needed amending to prevent the misuse. "It is time for introspection on the five-year-old RTI Act. It is grossly misused. Most of the applicants are applying the RTI not for public good, but for misuse," Balakrishnan said at a seminar on "RTI-Key to good governance", organised by the Institute of Secretariat...

An illiterate tribal woman from Orissa's Jagatsinghpur district is all set to play a vital role in deciding the fate of the Rs 51,000 crore Posco steel project, billed as the country's biggest FDI. The role of Meena Hembram and 20 others came to limelight after the Meena Gupta panel, which submitted its reports to the union Ministry of Environment and Forest (MoEF) on October 18, pointed out that there were...

The Posco tale got another twist on Thursday with the environment ministry's forest advisory committee deciding to rethink whether it should ask the ministry of tribal affairs to verify the violations of Forest Rights Act or it should do so itself. In a meeting held on October 25, the FAC had concluded that it would recommend that the tribal affairs ministry take a final call on whether the Orissa government had...

Will UPA-II's ambitious food security programme work? The issue gains immediacy, with the National Advisory Council unveiling a new draft plan envisaging legal entitlement to subsidised foodgrain for at least 75 per cent of the population. That works out to almost 800 million people. If implemented, this means the government's food subsidy bill will be far bigger. Also, our groaning public distribution system will come under greater strain. Now, central...