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...

Reinforcing the growing financial independence of women in India, a survey says the income level of urban Indian women has doubled in the last decade. This increase has also led to the average urban household income doubling, according to a study by market research firm IMRB. The urban Indian woman who earned Rs 4,492 per month in 2001 was taking home as much as Rs 9,457 as of 2010. The rise...

India registered a good 8.5 percent GDP growth in 2010-11 staving off the global impact of recession mainly due to the major recovery in the agriculture sector. The recorded foodgrain production in 2010-11 was the outcome of the initiatives of the state governments, the union government has now acknowledged. It was an innovation's galore to say the least if one takes into consideration the efforts of the 10 states that went...

Boommi Gowda used to fear the night. Her vision fogged by glaucoma, she could not see by just the dim glow of a kerosene lamp, so she avoided going outside where king cobras slithered freely and tigers carried off neighborhood dogs. But things have changed at Gowda's home in the remote southern village of Nada. A solar-powered lamp pours white light across the front of the mud-walled hut she shares with...

It is a question that journalists in India are often asked without affection. “Don’t you have anything good to say?” A positive story, a happy story? The rebuke, when it is an e-mail or an online comment in response to an unflattering article about India, is sometimes accompanied by abuses or a general description of the journalist’s mother. And it is particularly passionate when it comes from the expatriate Indian whose...