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...

The Assam government will introduce biometric smart cards for beneficiaries in three districts of the state on a pilot basis in order to make the public distribution system more transparent and efficient. Assam food and civil supplies minister Nazrul Islam today announced that the Centre has cleared a Rs 8-crore proposal submitted by the government to computerise the system in three districts. Under the scheme, the beneficiaries will be issued biometric ration...

When the revenue departments sleep over cases they had lost in the courts and do not appeal for long, it is difficult to tell whether it is just red tape or something else. Their lethargy causes losses to the government and gains to tax dodgers. The new chief justice of India (CJI) started his stint in the Supreme Court a few months ago with a strict code for the indolent babus....

Very soon, finger prints would become the key to foodgrains at the public distribution system (PDS) outlets in Jharkhand. Having given its nod to induct about 12 lakh new families in the list of people below the poverty line (BPL), the Jharkhand Government has decided to go in for high-tech mechanism for distribution of foodgrains to the beneficiaries of the public distribution system (PDS) across the state. In keeping with the modules...

The Aadhaar or UID project has grave implications for every Indian. It will enable the government to profile every citizen and track their movements and transactions. There is no guarantee that intimate personal information -- pre-existing illnesses, romantic relationships etc -- won't be shared with other agencies, warns Praful Bidwai. An elaborate charade has begun with the rolling out of the first Aadhaar unique identity numbers in a tribal district of Maharashtra by...