SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

UPA-II's ambitious programme to make the nation slum-free within five years is all set to take off as the housing and urban poverty alleviation ministry has finalised the scheme, and how now sent it to finance ministry for approval. Last year, the government had announced the launch of Rajiv Awas Yojana (RAY) aimed at making cities slum-free, addressing the problems of slum-dwellers and urban poor in a definitive and holistic manner....

The Assam government will introduce biometric smart cards for beneficiaries in three districts of the state on a pilot basis in order to make the public distribution system more transparent and efficient. Assam food and civil supplies minister Nazrul Islam today announced that the Centre has cleared a Rs 8-crore proposal submitted by the government to computerise the system in three districts. Under the scheme, the beneficiaries will be issued biometric ration...

In order to decentralise the planning, implementation and monitoring processes of the MGNREGA works, the government is planning a national strategic FRAmework using the geographical information system (GIS). The move will help the rural development ministry bring in greater transparency and accountability in the implementation of the act as real time data would be available to it. The use of GIS will help capture existing assets (created under MGNREGA) with their location,...

When the revenue departments sleep over cases they had lost in the courts and do not appeal for long, it is difficult to tell whether it is just red tape or something else. Their lethargy causes losses to the government and gains to tax dodgers. The new chief justice of India (CJI) started his stint in the Supreme Court a few months ago with a strict code for the indolent babus....