Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Hindustan Times   The stalemate over the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu continued after protesters on Friday rejected the safety certificate issued by the central panel of experts after a three-day plant inspection. There were widespread protests against the two 1,000 MW nuclear power reactors that the Nuclear Power Corporation of India Ltd is building with Russian technology and equipment in Kudankulam, around 650 km from Chennai. Villagers...

An independent study says some 250 thermal power projects that have got clearances may be meant just to grab land and water resources. THERE have been a growing number of headlines that speak of an energy crisis and the energy deficit in India in the last few years. The disparities in the demand-supply scenario, the increasing prospects of disruptions in the global supply of fuel and the consequent results of higher...

-The Hindu   A few recommendations by the Indian Council of Forestry and Research and Education (ICFRE) have upset the National Council for Protection of Natural Resources (NCPNR), which is fighting a legal battle against illegal mining in Karnataka and Andhra Pradesh. The ICFRE which carried out a macro-level Environment Impact Assessment (EIA) study of Bellary district following a direction from the Supreme Court had submitted its report to the court recently. Recommendations such...

-The Hindu   Subject to a list of conditions that activists say are not strong enough After put on hold for a year, Lavasa's controversial township project on the hills near Pune has been given the green signal subject to a list of conditions that activists say are not strong enough. Ironically, it was last week's criminal complaint filed by the Maharashtra government against the Lavasa's promoters for violation of green norms that finally...