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A bonfire of vanities

Politicians, business persons, civil servants, a range of professionals, including doctors and organisers of sports events, and even the judiciary have been in the media spotlight on charges of corruption, nepotism, sleaze and worse. It was to be only a matter of time before the media and media professionals came under public scrutiny for similar acts of omission and commission. The expose on paid news content in the media was...

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MFIs want banks to create Rs 1,000-cr fund

Faced with a liquidity crunch, microfinance companies have asked RBI to direct banks to set up an emergency fund of Rs 1,000 crore to help them tide over slowdown in their business. Sources said the Microfinance Institution Network (MFIN) is trying to convince the central bank in this regard. The micro finance sector has been reeling under a liquidity crisis after the Andhra Pradesh government issued an ordinance to control interest...

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CM for plan panel avatar in state by Suman K Shrivastava

Chief minister Arjun Munda is all set to revive the Jharkhand State Planning Board — first formed during his second innings as head of state — to assist his government in drawing up development plans based on scientific assessment of available resources. The move comes close on the heels of the government setting up a three-member panel, headed by noted economist Bibek Debroy, to prepare the state’s development report. Speaking to The...

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"Perfect Storm" Spurred 2007-08 Food Crisis, Study Says by Matthew O Berger

Rising food prices have not yet reached crisis levels but they are expected to remain very volatile for about the next decade, researchers said Thursday. The conclusions were based on a new study of the factors that contributed to the 2007-08 food crisis, which researchers hope will shed light on what actions might be taken to avoid food crises in the fuTure. "There were many suspects for what caused the crisis, but...

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Leave well alone

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

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