SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...

Roza Mandi, the biggest grain/paddy market in Shahjahanpur distrtict of Uttar Pradesh, is always bustling with traders, farmers and mill owners. However, there is one spot in the market where there is not much activity. And that is the government procurement centre, where farmers are supposed to sell their crops. Amrish Tiwari, a farmer from Shahjahanpur, harvested 1,000 quintal of paddy crop this season. Considering he should have sold around 850...

The late Rajiv Gandhi famously, or infamously, once claimed that only 15 per cent of the funds allocated to welfare programmes ever reached the intended beneficiaries. The Rest leaked enroute, entering the pockets of an assortment of intermediaries. This is a thought that the Union finance minister must always remember, especially when he sits down to allocate funds for an assortment of subsidies and some of the high-profile spending programme...

The ministries of environment and coal may still be bickering over the classification of ' go' and ' no- go' areas for mining , but an International Labour Organisation ( ILO)- funded report on India's indigenous population claims that more than half the country's mineral wealth is obtained by violating the rights of tribals. 'India and the Rights of Indigenous Peoples', a report prepared by the Asia Indigenous Peoples Pact with...

Thousands of children and women die every year in India due to lack of access to basic healthcare. Why is it that, in the Mecca of medical tourism, the poor continue to be denied the right to health? A national television channel had a 30-minute special recently on how private hospitals are denying free medical treatment to poor patients. Under a quota, private hospitals are expected to provide medical treatment...