MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

Ajit Kumar Singh loves driving his father CP Singh’s brand new Mahindra Xylo on the potholed roads much more used to tractors carrying sugarcane in Ashokpur Tikia village of Gonda district in Uttar Pradesh. “It takes to the road in these interior regions much easily than the humble Alto we had earlier,” says the 20-year-old law student at the local degree college in Gonda, tapping his fingers on the freshly washed...

In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...

A new United Nations report shows for the first time how poor health is linked to poverty in cities and calls on Policymakers to identify those that need the most help and target measures to improve their well-being. The report, entitled “Hidden Cities: unmasking and overcoming health inequities in urban settings,” was launched today in Kobe, Japan, where leaders from governments, academia, media and non-governmental organizations have been meeting for the...

At least 29 of the 66 migrants crushed to death in east Delhi when a building collapsed on Monday night hailed from Bengal. The figure signposts the exodus of an abandoned generation and the inability of a state to retain its young or equip them for a better life elsewhere. The death of so many Bengalis has brought out in the open troubling issues that Policymakers — both in the state...