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Microfinance under severe stress by CRL Narasimhan

The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...

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Cut-Rate Democracy by Pranjoy Guha Thakurta

Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...

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Hunger remains despite high growth: US study

THE high economic growth in India, unlike in the case of China, has not translated into a rapid reduction of hunger in India, a US-based policy think-tank has said. India ranks 67th in an 84-country ranking and has more hungry people than its neighbouring countries. “Higher growth rates in India has not been translated into hunger reduction,” Ashok Gulati , Director Asia, International Food Policy Research Institute (IFPRI) said after the release...

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‘Compensation packages wrongly calculated' by Mahim Pratap Singh

They are based on faulty medical categorisation and miscalculated figures: survivors' organisations The report on the Bhopal gas leak submitted by the Group of Ministers (GoM) to Prime Minister Manmohan Singh on Monday drew mixed reactions from survivors' organisations here, which have decided to write to him to allow them a hearing at a Cabinet meet to be held on Friday. While welcoming it as “at least some hope after all,”...

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Soft battles by TK Rajalakshmi

Many governments in the developing world lack the will to eradicate child labour, says the third ILO global report on the deplorable practice. The effects of the present global economic and financial crisis, rather than its causes, have been the central preoccupation of organisations such as the International Labour Organisation in recent times. The ILO, in particular, has focussed on the impact of the crisis on populations within the least...

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