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...

Block vehicular and railway traffic across Punjab, demand relaxation of paddy procurement norms Various factions of the Bhartiya Kisan Union (BKU) and organisations of landless labourers blocked the railway traffic at Moga and ten other locations in Punjab on Friday. They also halted the vehicular traffic on many highways, demanding relaxation in the procurement norms of paddy. The protesters claimed that adverse weather conditions had affected the quality of grains, and said...

It was an achievement that Uttar Pradesh’s Majhwara village cherished, calling it a victory of ballot over bullet. A day after the cremation of her husband — revenue inspector Ram Kumar Yadav — Kamla Yadav won the election for the post of the pradhan of this village in Sultanpur district. Ram Kumar was kidnapped and murdered after the October 11 polling. He was targetted — allegedly by BSP legislator Chandrabhadra Singh alias...

The National Advisory Council (NAC), which recently approved subsidised food for 75 per cent of population, has entrusted the task of drafting the Food Security Bill with a Working Group on food security for the consideration of the Council meeting, slated for November 26. The NAC working committee, while finalising the details of the Bill, will also look into proposals for introducing some reforms in the PDS system to efficiently carry...

Peeved at the appointment of “activists” in the forest panel for clearing Rs 54,000 crore steel project of Posco, Steel Minsiter Virbhadra Singh advised Environment Minister Jairam Ramesh to be “pragmatic.” “The approach has to be pragmatic and not dogmatic. When there is an issue of development some sort of compromises have to be made,” Mr. Singh told PTI, when asked as to what his advice would be for Jairam Ramesh...