Panchayat elections in Uttar Pradesh have thrown up many curious phenomena. Everyone involved with the panchayat elections in Uttar Pradesh seems to love it. Sons, brothers, sons-in-law of MLAs contesting for seats at the village, tehsil or district levels in vast numbers are happy because the vidhayak mahoday is campaigning on their behalf, making full use of the party machinery. Wives and daughters-in-law from ‘influential families' are delighted because their family's...
More »SEARCH RESULT
Total Matching Records found : 6169
The narcissism of the neurotic by P Sainath
The Commonwealth Games were no showcase, but a mirror of India 2010. If they presented anything, it was this — Indian crony, casino capitalism at its most vigorous. The Commonwealth Games over, we can now return to those of everyday Indian life. For all the protests, though, there was nothing in the corruption that marked the Games that does not permeate every town and city, all the time. Just that, in...
More »“Food security at risk world over” by N Anand
The Archbishop of Canterbury, Rowan Williams, on Sunday said that world over food security was at risk even as people in other parts of the world led a luxurious life unmindful of it. Delivering his sermon on ‘Bread of life, hope for all' at St. Peter's Church in Vysarpadi, he said that it was the responsibility of the local communities to remind the rich that hungry people have to be fed. The...
More »The ugly underbelly of Microfinance by Roli Srivastava, Swati Bharadwaj-Chand & Partha Sinha
SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than Moneylenders but have so far been able to operate under the pious...
More »MFIs vs Moneylenders
The Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, 2010, suggests there’s more politics than understanding of economics that went into it. The setting up of district registering authority under the ordinance, with elaborate powers to even cancel licences, will increase risks of operations posing serious hazard to business plans and will jeopardise the whole MFI network. Especially stifling is the requirement that MFIs have to submit a monthly...
More »
