Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere?     Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort     UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc     World Values Survey: Started in 1995, it explores impact of social and political changes...

-The Economic Times Chief Economic Adviser Kaushik Basu on Friday said that the government should consider providing free health care for the poor and significantly increase its spending on the health sector. Citing examples of other developing nations like Bangladesh that have better life expectancy and infant mortality rate than India, Basu added that the country has not yet attached adequate importance to the health sector which might prove detrimental for the...

The government's ambitious Socio-economic and Caste Census 2011, the bedrock for many social schemes, is facing a human resource crisis that is likely to delay not only the survey, but also many big-ticket electoral promises of the UPA government, such as the National Food Security Bill. To salvage the situation, the rural development ministry, which is executing the census through state governments, recently approached the Registrar General of India (RGI) for...

Health is a state of mental, social and physical well-being and not merely an absence of disease or infirmity. To achieve this noble objective, India requires health care professionals who are trained in institutions with standardised infrastructure, and the availability of accessible and equitable health care for both the rural and urban populace. Recently, the health sector has been in the news — from the creation of a rural based...