MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
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Some 45 million Indians rose above $1.25 a day: Report
-IANS Nearly nine million Indian households, or 45 million individuals, saw their incomes rise above the threshold of $1.25 a day, or Rs.56, in the two decades ended 2010, reflecting the success of microfinance, says a survey. "A dramatic number of families moved out of poverty between 1990 and 2010," said the report, based on a survey of more than 15,000 Indian households, carried out by the India Development Foundation (IDF), a...
More »Real hurdle to e-services by Suman K Shrivastava
A state data centre meant to be the backbone of launching much-needed e-governance initiatives has been hanging fire for the last two years and now looks like stuck for another six months at least for want of a building. An agreement to set up the centre, to come up under the aegis of National e-Governance Plan (NeGP), was signed with Sify Technologies in February, more than one and a half years...
More »A Harvester Of The Objectionable by Justin Huggler
Scotching the urge to self-censor, the press must report ‘bad news’—to guard the guards, empower the citizen, and usher in change When you open a newspaper, or switch on the television, and there’s nothing but good news, it’s time to start worrying about what they’re not telling you. Nobody likes bad news, but the world is full of it. Don’t believe anyone who tells you otherwise: they want your vote...
More »UN study finds overall drop in funding for AIDS response in 2010
-The United Nations Funding disbursements from donor governments for the AIDS response in low- and middle-income countries dropped overall in 2010, mainly due to a reduction by the largest donor, the United States, the lead United Nations agency tackling the epidemic said today. According to an annual funding analysis carried out by the Joint UN Programme on HIV/AIDS (UNAIDS) and the Kaiser Family Foundation, donor governments disbursed $6.9 billion in 2010...
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