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 return of peace and normalcy in Kashmir is a reality. And to ensure a durable and lasting peace, a humane approach to handle the law and order situation may be required. In a vibrant, democratic country, authoritarian ways of suppressing people’s voices prove to be counterproductive. It may be recalled that the law and order situation in Kashmir worsened in the aftermath of unfair and rigged assembly elections of 1987,...

-The Hindu   “If the law of the market is ignored, then no government policy, however well intended, is going to work”, Chief Economic Advisor to Government of India Kaushik Basu said at a conference on the Indian health sector here on Friday. He referred specifically to how 44 per cent of the food grain meant for the poor never reaches them through the Public Distribution System and said that this needs...

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

-IANS   The government on Wednesday said it is determined to pass the Lokpal bill as it unveiled its agenda for the winter session of parliament that includes a slew of anti-corruption legislations apart from the ambitious food security bill. Apart from Lokpal, other anti-corruption bills slated for consideration and passing in the winter session include whistle blower protection bill and judicial standards and accountability bill. Talking to mediapersons, Parliamentary Affairs Minister Pawan Kumar...