A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

The Bihar Government's plans for a mega power plant at Nabinagar in Aurangabad district went for a toss as an agitation by a large mob of farmers turned violent on Saturday, resulting in the torching of an empty passenger train. The farmers were agitating against the acquisition of 1871 acres of private land by the State Government for setting up 3300 MW power project, on grounds that the State Government had...

In the end, Gangula Tadangi succumbed to tuberculosis. The Kondh Adivasi’s life could have been saved if he had made it to the hospital on time. But he was in judicial custody at Koraput district jail in southern Odisha for allegedly “waging war against the Indian State”. During his last moments, Tadangi, 25, is said to have whispered something in Kondh. But nobody could make out anything because no one...

Yes, you heard it right, private tuitions will soon become a punishable offence. Karnataka government, taking cover of the Right To Education (RTE) Act, is set to ban private tuitions run by school teachers — and that too, from this year onward s. Sources in the Department of Public Instruction told DNA that under the state’s draft rules of the RTE Act, private tuitions by school teachers would be an offence that...

Over a month after the CBI cracked down on the alleged multi-crore kickbacks-for-loans scam, investigators are believed to have found irregularities in the loan files of at least eight companies, including Lavasa, DB Realty, Mantri Realty and Adani Group. In November, the CBI had arrested three members of Mumbai-based financial service company Money Matters and four others for their involvement in the alleged loan scam. The CBI, after going through loan...